Food Prices at Highest Level

[Richard Myers]

On January 5, the U.N.'s Food and Agriculture Organisation said global food prices reached their highest levels since its records began in 1990 and grains prices could climb further due to adverse weather patterns around the world. Flash flooding in Brazil has killed at least 626 people in the past week.

Food inflation has risen to the top of the agenda for many policymakers with memories still fresh of the 2008 food crisis, when soaring prices sparked riots in several countries, high inflation and in several cases deep trade deficits.  source