Today in the FT: “Sugar prices suffered their biggest one-day sell-off in 30 years on Thursday, tumbling by as much as 11 per cent after speculators pulled out from the market in the wake of dizzying gains. The sell-off, which came just hours after the sweetener hit a 30-year high, started after the European Commission granted further export licences for

I’m a big fan of Chris Blattman’s blog (as the number of ‘hat tips’ – [h/t] – on this one demonstrates), but he lost it a bit in his recent post on food riots. Here’s what he says: ‘Globalization and growth should reduce price spikes in future. More countries are producing crops. Climate shocks in Argentina are not that tied

This from the FAO’s ‘State of Food Insecurity in the World 2009’. Click on the graphs. After decades of improvements, the number of undernourished people (in millions) in the world has been rising rapidly since the mid 1990s.       Even as a proportion of total population, hunger started rising in the middle of the last decade    

According to the FAO’s excellent and user friendly (even I can make it work) website on world food prices, which has both global price trends and breakdowns by individual country/commodity, world food prices bottomed out some time in February this year, and are now on their way back up again (see graphs – composite food price figure for 2009 is the