Arab Today, arab today domestic food inflation has averaged 10 in early 2011
Last Updated : GMT 18:07:16
Arab Today, arab today
Arab Today, arab today

ADB warns of soaring food prices

Domestic food inflation has averaged 10% in early 2011

Arab Today, arab today

Arab Today, arab today Domestic food inflation has averaged 10% in early 2011

the Asian Development Bank .
MANILA, Philippines -  UPI

the Asian Development Bank . MANILA, Philippines -  UPI Soaring global food prices threaten to push tens of millions of Asians into extreme poverty, the Asian Development Bank said in a report Tuesday.
The ADB, headquartered in Manila, said food prices rose to record levels in the first two months of 2011. It said fast and persistent increases in the cost of many Asian food staples since the middle of last year, along with rising oil prices, are a serious setback for the region as it rebounds from the global economic crisis.
Domestic food inflation in many regional economies in Asia, home to 3.3 billion people, has averaged 10 percent in early 2011, the report said.

It warned a 10 percent rise in domestic food prices in developing Asia could push an additional 64 million people into extreme poverty based on the $1.25 a day poverty line.
\"For poor families in developing Asia, who already spend more than 60 percent of their income on food, higher food prices further reduce their ability to pay for medical care and their children\'s education,\" said ADB Chief Economist Changyong Rhee. \"Left unchecked, the food crisis will badly undermine recent gains in poverty reduction made in Asia.\"
The report said if the global food and oil price rises continue for the remainder of 2011, economic growth in the Asian region could be reduced by as much as 1.5 percentage points. It said the pattern of higher and more volatile food prices is likely to continue in the near term.
\"Efforts to stabilize food production should take center stage, with greater investments in agricultural infrastructure to increase crop production and expand storage facilities, to better ensure grain produce is not wasted,\" Rhee said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today domestic food inflation has averaged 10 in early 2011 Arab Today, arab today domestic food inflation has averaged 10 in early 2011

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today domestic food inflation has averaged 10 in early 2011 Arab Today, arab today domestic food inflation has averaged 10 in early 2011

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday