With the attention of the international community focused on the mounting global financial crisis, there is the danger that the food crisis that emerged in 2008 is being sidelined. Yet, that crisis continues to pose a global humanitarian and development challenge even as food prices begin to fall back. Between 109 and 126 million people may have fallen below the $1 per day poverty line since 2006 due to the increase in food prices. The vulnerable populations in South Asia and Sub-Saharan Africa (SSA) are affected most. Other things being equal, the incidence of extreme poverty in SSA may have risen by almost 8 percentage points, implying that the recent food price increases have more than offset the poverty reduction achieved before the crisis, between 1990 and 2004.