There are several reasons for the food price crisis. Certainly, poor harvests as a result of extreme weather conditions in such places as Australia (where there was an unprecedented drought) provided the initial trigger.
And there is no doubt that a rise in consumption, as a result of growing populations and incomes in many emerging economies, has been a driver of higher food prices. It is equally clear that a persistent drop in agricultural investment has depleted already low food stockpiles.
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