By Jameson Spivack
The world food crisis of 2007-2008 caused a substantial rise in the cost of food, especially staple foods such as rice, wheat, and corn. This rise in price had a devastating effect on hungry people in the developing world.
Between 2005 and 2011, world prices for rice, wheat, and maize rose 102 percent, 115 percent, and 204 percent, respectively, according to the UN Food and Agriculture Organization (FAO). With price increases, people with less disposable income must spend a larger percentage of their earnings on essential staple grains, and less on other food and non-food items. This can have a significant impact on nutrition.
In seven Latin American countries, this increase in price led to an average 8 percent decrease in the amount of calories consumed. Before the crisis, 35 percent of households in Ecuador received an adequate amount of calories; afterwards, only 22 percent were receiving healthy levels of calories. In developing countries, if prices rise 50 percent across the board, and there is no rise in income, iron intake will decrease by 30 percent, according to the International Food Policy Research Institute (IFPRI). In the Philippines, this 30 percent decrease in iron consumption would mean that only 5 percent of women have adequate levels of iron.