Is Food Crisis Around the Corner?
Emerging markets are seeing a lot of imported price pressures, causing their economies to overheat and increasing food price pressures.
Rahul Bajoria, regional economist at Barclays Capital, sees strong food price pressures in the near-term, inflated by poor weather conditions. However, he tells CNBC’s Martin Soong & Sri Jegarajah that the pressures could become more manageable over the next 6-12 months.
Also see the following recent CW posts on a potential food crisis and economic policy:
- Food Price Controls in China As Inflation Becomes Issue
- On Food Price Inflation
- Bernanke Clips the People’s Coin – From Bakersfield to Burma
- Charts of the Day: Is Inflation Decelerating Or Not?
Elsewhere also of note: