The Graphic Truth: Are we headed for a food price crisis?
Global food prices reached a six-year high in February, as a result of pandemic-related supply chain disruptions and climate issues — and more recently export restrictions. While the situation isn't yet as bad as in 2007-2008, when sharp increases in food prices triggered civil unrest across many parts of the world, the trend isn't a good one. Food price inflation and, in more extreme cases, the risk of famine will only exacerbate the challenges of economic collapse and mass unemployment left behind by COVID. We take a look at how the global prices of five key food products have changed over the past 12 months.