"...the question remains, why did food prices run up this time? Here again, there just doesn’t seem to be much dispute about the major contributing factors, starting with extreme weather. Last month, Scientific American reported, “world food prices hit a record high in December thanks to crop failures from a series of extreme weather events around the world:
FAO attributes the upswing in prices to factors including the crop failures caused by a string of extreme weather events and high crop demands from an ever-increased global population….
Wheat, for example, bludgeoned by Russia’s wildfires, the heat waves in Australia and flooding in Pakistan, saw massive price surges last fall.
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