Ivanic, MarosMartin, WillZaman, Hassan2012-03-192012-03-192011-04-01https://hdl.handle.net/10986/3399Global food prices have increased substantially since mid-2010, as have prices in many developing countries. In this study we assess the poverty impact of the price changes between June and December 2010 in twenty-eight low and middle income countries. This is done by gathering detailed information on individual households' food production and consumption levels for thirty-eight agricultural and food commodities to assess the impacts on household welfare. This study estimates that this sudden food price surge increased the number of poor people globally, but with considerably different impacts in different countries. The heterogeneity of these impacts is partly related to the wide variation in the transmission of global prices to local prices and partly to differences in households' patterns of production and consumption. On balance, the adverse welfare impact on net buyers outweighs the benefits to net sellers resulting in an increase in the number of poor and in the depth of poverty. We estimate that the average poverty change was 1.1 percentage points in low income countries and 0.7 percentage points in middle income countries with a net increase of 44 million people falling below the $1.25 per day extreme poverty line.CC BY 3.0 IGOADVERSE IMPACTSAGRICULTURAL COMMODITIESAGRICULTURAL ECONOMICSAGRICULTURAL INCOMESAGRICULTURAL PRODUCTIVITYAGRICULTUREBANANASBEEFBEETSBEVERAGESCALORIE INTAKECASH CROPSCASH TRANSFERSCASSAVACHANGES IN POVERTYCOCOACOMMODITY PRICECOMMODITY PRICESCONSUMER PRICESCONSUMPTION BASKETCOOKINGDAIRYDECOMPOSABLE POVERTYDEFINITIONS OF POVERTYDIETARY DIVERSITYDIVERSIFICATIONDOMESTIC MARKETSDOMESTIC PRICESECONOMIC GROWTHEDIBLE OILSEGGSENERGY PRICESEXPENDITUREEXPENDITURESEXTREME POVERTYEXTREME POVERTY LINEFOOD BUYERSFOOD COMMODITIESFOOD CONSUMERSFOOD GRAINSFOOD ITEMSFOOD POLICYFOOD POLICY RESEARCHFOOD PRICEFOOD PRICESFOOD PRODUCTIONFOOD SALESFOOD STAPLESFOOD STOCKSFOOD SUPPLYFRUITSGLOBAL POVERTYGRAINSGROUNDNUTGROUNDNUT OILGROUNDNUTSHOUSEHOLD BUDGETHOUSEHOLD INCOMEHOUSEHOLD SURVEYHOUSEHOLD WELFAREIMPACT ON POVERTYINCOMEINCOME DISTRIBUTIONINCOME GROWTHINFLATIONINTERNATIONAL FOOD POLICY RESEARCH INSTITUTELIVING STANDARDSMAIZEMALNUTRITIONMEATMILKMUTTONOILS AND FATSORANGESPALM OILPEANUTSPOORPOOR CONSUMERSPOOR FARMERSPOOR HOUSEHOLDSPOOR PEOPLEPOOR PRODUCERSPORKPOTATOESPOVERTY ASSESSMENTPOVERTY ESTIMATESPOVERTY GAPPOVERTY GAP INDEXPOVERTY IMPACTPOVERTY INCREASEPOVERTY LINESPOVERTY POVERTYPOVERTY POVERTY CHANGEPOVERTY RATEPOVERTY REDUCTIONPRICE CHANGEPRICE CHANGESPRICE FLUCTUATIONSPRICE INCREASEPRICE INCREASESPRICE INDEXPRICE VOLATILITYREDUCTION IN POVERTYRICERURALRURAL AREASRURAL DEVELOPMENTRURAL POORRURAL WELFARESAFETY NETSAFETY NET PROGRAMSSOYBEANSOYBEANSSUBSTITUTESUBSTITUTESSUGARSUGAR CANETARGETINGTEATOTAL POVERTYVEGETABLESWAGE RATESWHEATWORLD MARKETSWorld Bank10.1596/1813-9450-5633