Meanwhile, oil prices have been rising for three consecutive months, reaching their highest levels in February since April.
"In the 'new normal' of high and volatile food prices, millions will continue to suffer from poor nutrition, whether it is hunger, undernutrition or obesity which can cause premature death," the bank stressed.
In 2008, there were 1.46 billion overweight adults, including 508 million who were obese.
That number could rise to 2.16 billion for overweight adults, and nearly double to 1.12 billion for the obese by 2030 across all regions and in fast-developing nations such as China and India, said the bank in citing "even conservative estimates."
"Half of the world's overweight people live in just nine countries -- China, United States, Germany, India, Russia, Brazil, Mexico, Indonesia and Turkey -- evidence that obesity is not an epidemic restricted only to rich countries," added Canuto.
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