Though many disinflationary forces still predominate around the globe, more and more is being said about food inflation. We still believe in the primacy of food security as forces as disparate as the weather and urbanization coalesce to push the price of food upwards.

Some recent headlines reinforce this assertion:

Food Prices Surge as Drought Exacts a High Toll on Crops – WSJ 3/18/14 (subscription req’d)
Brazil Drought Jolts Commodities' Prices – WSJ 3/4/14 (subscription req’d)
Rising Food Prices Bite into Household Budgets – USA Today 3/19/14

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