Is Food Crisis Around the Corner?

Emerging markets are seeing a lot of imported price pressures, causing their economies to overheat and increasing food price pressures.

Rahul Bajoria, regional economist at Barclays Capital, sees strong food price pressures in the near-term, inflated by poor weather conditions. However, he tells CNBC’s Martin Soong & Sri Jegarajah that the pressures could become more manageable over the next 6-12 months.

–CNBC

(Video below)

Also see the following recent CW posts on a potential food crisis and economic policy:

• Food Price Controls in China As Inflation Becomes Issue
• On Food Price Inflation
• Bernanke Clips the People’s Coin – From Bakersfield to Burma
• Charts of the Day: Is Inflation Decelerating Or Not?

Elsewhere also of note:

• FT.com – UN warns of rising food prices