The spectre of food inflation


The writing is on the wall: Food inflation will likely rear its ugly head again soon, and countries in Asia, including Malaysia, will also be feeling the heat.

According to analysts, global food prices are set to soar towards the end of this year and into next year because the prolonged drought in mid-western US has severely affected production of key agricultural commodities such as corn, wheat and soybean, and caused the prices of these grains to rise.

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