70 days ago • Posted by Charles-Henry Monchau
Food prices are rising sharply. Could it trigger social unrests in some Emerging countries (remember Arab Spring)?
The UN’s Food and Agriculture Organization’s (FAO) widely followed food price index (the basket measures prices for oilseeds, dairy products, meat and sugar)" has - once again - been surging over the last few months. The FAO food index rose for a sixth month running in November, on pace to hit a six-year high, with Albert Edwards from SG noting that "annual inflation in cereals reached 20%, the highest annual rise since mid-2011 when the Arab Spring was in full flow! (see chart below)." - source: SG