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Food Prices, Food Security and the Marginalised

The price hike of essential food commodities has a major impact on food security particularly on the marginalized section of the society in Bangladesh. Recent rise in domestic cost of production of food, together with high price in international market may boost further food inflation, leaving adverse effects on the poor. Most of the poor spend more than half their income on food. Price hikes for essential commodities can force them to cut back on the quantity or quality of their food as well as change their consumption patterns. This may result in food insecurity and malnutrition, with adverse implications in both short and long term. Such price hike might not only make the lives of the poor miserable but also could drag down a number of people below the poverty line. The increase in food and non-food prices erodes the purchasing power of the poor.