Robert Zoellick, warned today that 44 million people have fallen in poverty since June 2010 due to a 36 percent increase in food prices over the past year.
World Bank President said in his report "Food Price Monitor" reported today that high food prices is partly due to the escalation of fuel following the recent unrest in the Middle East and North Africa.
The report notes that oil prices have risen 21 percent in the first quarter of this year by the instability in the Middle East.
"High food prices are the biggest threat to the poor," Zoellick told a news conference, noting that prices are near 2008 levels when the high cost of caused food riots in many poor countries.
According to the body, a 10% increase in global prices could make another 10 million people fall below the extreme poverty line, which found people with incomes of less than 1.25 per day.
The World Bank estimates there are about 1,200 million people worldwide below the poverty line.
Among the foods that are corn have risen, up from 74% last year, wheat, prices increased by 69%, soybeans, which is 36% more expensive and sugar 21%.
The World Bank notes that in addition, the riots in the Middle East, prices were also buoyed by adverse weather effects in major grain exporters, export restrictions, the increased use of biofuels and low global food stocks.
The "Food Price Monitor" warns that the poorest countries are those that have experienced higher food inflation advanced economies.
In Kyrgyzstan, where 10 percent of the population intended poorest 73 percent of its budget on food, food inflation was 27 percent in 2010.
Following that, the number of poor could rise by eleven percentage points, said the WB.
The agency noted that the measures could be implemented to reduce the impact of high food prices are nutrition programs for the poor and the elimination of export restrictions .
WB Suggestions is also to improve the country's ability to manage price volatility through financial instruments, improving weather prediction, more investment in agriculture and the use of new technologies to fortify the rice and make it more nutritious. EFE
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