[/td][td][table][tr][td=10,1]FAO Initiative on Soaring Food Prices
[/td][/tr][tr][td=2,1] [/td][/tr][tr][td=2,1][table=98%][tr][td]AboutThe double whammy of high food prices and the global economic slump pushed an additional 115 million people into poverty and hunger. By 2009, the total number of hungry people in the world had topped one billion.
According to new global hunger figures, that number has since dipped to 925 million people. However, with the recent sharp increase in food prices, that number may rise.
From July to September 2010, wheat prices had surged by 60 to 80 percent in response to drought-fuelled crop losses in Russia and a subsequent export ban by the Russian Federation. Rice and maize prices also rose during that period.
By December 2010, the FAO Food Price Index had topped its 2008 peak, with sugar, oils and fats increasing the most.
And the cost of basic food staples remains high in many developing countries, making life difficult for the world’s poorest people who already spend between 60 and 80 percent of their meagre income on food.
FAO response to food crisis
As early as July 2007, FAO warned of the then developing food price crisis, and in December 2007, it launched its Initiative on Soaring Food Prices – known as the ISFP – to help smallholder farmers grow more food and earn more money.
Since the ISFP’s inception, FAO has carried out interagency assessment missions in 58 countries (read a
synthesis of the assessments).
It has worked closely with the UN High-Level Task Force on the Global Food Crisis to produce the Comprehensive Framework for Action, a global strategy and action plan designed to soften the immediate blow of high food prices and address longer-term measures for sustainable food security.
FAO has also provided policy advice to governments (
updated guide for policy action at country level) and scaled up its monitoring of food prices at country, regional and global level through its Global Information and Early Warning System on Food and Agriculture
(GIEWS).
In mid-2008, when international food prices had reached their highest level in 30 years, FAO launched a series of one-year emergency projects, providing smallholder farmers with improved seed varieties, fertilizers, tools and technical assistance to help them rapidly boost their food output (read an
impact assessment of these projects).
This early support served as a catalyst for mobilizing additional funding. In 2009, thanks to a significant contribution from the European Union (EU), FAO began carrying out projects in 28 countries in Africa, Asia, Latin America and the Caribbean through the