Why are food prices soaring? Wheat prices are up 37% from their low and corn prices are up 61%. Both are at the highest levels in years.
This matters for emerging markets (EM) more than developed markets, because lower incomes in EM means a higher proportion of spending goes on food. There's enough famous Marie Antoinette "let them eat cake" examples to justify concern about unrest when food prices go up in EM pic.twitter.com/HoXN8zh2IX — Charlie Robertson (@CharlieTTEcon) January 18, 2021 It … Read more