Global Food Prices Rise For Third Straight Month, Fueling Instability Risks In Developing World

Global Food Prices Rise For Third Straight Month, Fueling Instability Risks In Developing World:

The bigger story here is global food prices are beginning to rise once again. This is potentially catastrophic for emerging market economies where currencies are moving lower and, inversely, food prices are moving higher. Folks in these countries have to allocate higher percentages of their incomes to food purchases, and the increase in that only produces financial stress. In return, higher food prices increase the risk of social instability.

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