12 Charts On The Food Crisis That Could Push 200 Million Asians Into Poverty

chart

Food prices are up 30 per cent year-over-year.

If they rise by an equal amount this year, 193 million people will be forced into poverty, according to a new report from the Asia Development Bank. A 30 per cent rise would reduce growth by up to 0.6 per cent. If accompanied by a 30 per cent rise in oil prices, growth will fall nearly two per cent in some countries.

When food prices reached this level in 2008, many called it an aberration. Now it’s seems the rise in food prices is a long term trend, which can’t be chalked up simply to liquidity or weather.

Every country in Asia has taken measures to address the crisis, including tax cuts, export restrictions, price controls and food aid.

[slideshow]
[slide
permalink=”commodity-prices-peaked-in-2008-and-then-decline-during-the-global-recession-now-theyre-approaching-peak-1″
title=”Commodity prices peaked in 2008 and then decline during the global recession. Now they’re approaching peak”
content=””
image=”http://static.businessinsider.com/image/4db698f24bd7c87e6b060000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”cereals-are-driving-the-increase-in-food-price-2″
title=”Cereals are driving the increase in food price”
content=””
image=”http://static.businessinsider.com/image/4db699324bd7c8d9652f0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”however-cereal-remains-well-below-the-2008-peak-3″
title=”However, cereal remains well below the 2008 peak”
content=””
image=”http://static.businessinsider.com/image/4db699c3cadcbb62650f0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”reserves-are-considerably-smaller-than-in-the-nineties-4″
title=”Reserves are considerably smaller than in the nineties”
content=””
image=”http://static.businessinsider.com/image/4db699f64bd7c87e6b100000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”part-of-the-crisis-is-due-to-many-severe-weather-events-5″
title=”Part of the crisis is due to many severe weather events”
content=””
image=”http://static.businessinsider.com/image/4db69a21ccd1d57167010000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”domestic-prices-generally-trail-the-futures-market-but-this-isnt-the-case-in-places-like-vietnam-6″
title=”Domestic prices generally trail the futures market, but this isn’t the case in places like Vietnam”
content=””
image=”http://static.businessinsider.com/image/4db69a454bd7c87e6b150000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”domestic-wheat-prices-are-following-the-futures-market-too-7″
title=”Domestic wheat prices are following the futures market too”
content=””
image=”http://static.businessinsider.com/image/4db69aee4bd7c85c6f0e0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”food-is-a-growing-driver-of-inflation-in-much-of-asia-8″
title=”Food is a growing driver of inflation in much of Asia”
content=””
image=”http://static.businessinsider.com/image/4db69b2dcadcbb6265160000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”gdp-growth-would-be-crushed-in-2011-with-a-30-rich-in-prices-the-damage-would-last-into-2012-even-if-prices-declined-9″
title=”GDP growth would be crushed in 2011 with a 30% rich in prices. The damage would last into 2012 even if prices declined”
content=””
image=”http://static.businessinsider.com/image/4db69b784bd7c84c71090000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”food-crisis-and-oil-crisis-equals-recession-10″
title=”Food crisis AND oil crisis equals recession”
content=””
image=”http://static.businessinsider.com/image/4db69becccd1d5d75f360000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”a-30-increase-in-food-prices-would-drive-1932-million-asians-nearly-the-population-of-america-into-poverty-11″
title=”A 30% increase in food prices would drive 193.2 million Asians — nearly the population of America — into poverty”
content=””
image=”http://static.businessinsider.com/image/4db69c1549e2aea863160000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”asia-will-have-to-increase-crop-yields-to-survive-12″
title=”Asia will have to increase crop yields to survive”
content=””
image=”http://static.businessinsider.com/image/4db6a3894bd7c8f6763c0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”you-can-invest-in-the-crisis-13″
title=”You can invest in the crisis”
content=”Bank Of America Picks 10 Stocks That Will Boom In A Food Price Spike >
image=”http://static.businessinsider.com/image/4da485f0cadcbb8b501b0000″
caption=””
credit=””
credit_href=””
]
[/slideshow]