The End of Cheap Food

Gwynne Dyer
Published: Wednesday, 07/11/2007 12:00 am EDT

The era of cheap food is over. The price of corn has doubled in a year, and wheat futures are at their highest in a decade. The food price index in India has risen 11 per cent in one year, and in Mexico in January there were riots after the price of corn flour (used in making the staple food of the poor, tortillas) went up fourfold. Even in the developed countries, food prices are going up, and they are not going to come down again.

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