yotta's chaotic, disordered, confused thursday, page-29

Rice futures are on a tear, grain futures have not yet budged much to the downside during the global correction. Food inflation is a looming spectre as the global grain crop this year is well below average. Very few paying attention to this essential group of commodities, which is surprising when you consider expensive food is the tax everyone pays whether you're in Damascus or Liverpool. The Arab spring was largely a function of spiralled grain prices.