The global boom in agriculture investments is nowhere near over, nor are rising food prices, despite recent numbers from the FAO. The UN’s Food and Agriculture Organization reports that world food prices are relatively stable, and well below the highs we saw in 2011. The World Bank agrees, and is reporting stable and declining global food prices. So should you trust their numbers?
Here’s the reality: Beef prices have just posted their biggest price spike in a decade, and the Wall Street Journal reports that food prices are surging and are expected to rise another 3.5% this year. Riots are breaking out in Venezuela with sky-high food prices partially to blame. More riots can be expected worldwide, as we saw in 2008 and 2011 when there were more than two dozen countries dealing with food-related social chaos.
Droughts, subsidized ethanol production and blistering Chinese demand…..
….much much more HERE