I’ve been warning that it’s coming for years and now it is upon us. Was anybody listening? Did anybody believe me? Or did the Normalcy Bias have you in an iron grip?
Since 2008, global food prices have been consistently higher than in preceding decades, despite wild fluctuations. This year, even with prices stabilising, the food price index remains at 210 – which some experts believe is the threshold beyond which civil unrest becomes probable. The FAO warns that 2013 could see prices increase later owing to tight grain stocks from last year’s adverse crop weather.