Estimates by ESCAP published in the Economic and Social Survey of Asia and the Pacific 2011 showed that high food prices in 2010 kept an additional 19.4 million in poverty in the region.
The Board reviewed the emerging global food price challenge and agreed on a common strategy in support of developing country governance to confront the crisis.
The World Bank has estimated that as much as seven years of progress in achieving the Millennium Development Goals hunger targets could be wiped out by the current level of food prices.
In some areas of Burkina Faso, Chad, Mali, Mauritania, Niger and Senegal, the price of food- especially millet- doubled, while prices for undernourished cattle and other livestock plummeted.
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