Established in December 2008 as a rapid response to soaring food prices in developing countries, it made an additional €1 billion available for projects and programmes in 50 target countries during the period 2009-2011.
2008. aasta detsembris kiire vastusena kerkivatele toiduhindadele loodud toidurahastuga eraldati projektidele ja programmidele 50 sihtriigis perioodiks 2009–2011 lisaks üks miljard eurot.