Will soaring food prices create social unrest?

Tagged in:

Business Spectator thinks so. After all, steep food prices were certainly a trigger for the Arab Spring. The US is the world’s biggest exporter of corn, soybenas and wheat, so these prices shocks will reverberate across the planet.

Markets are bracing for a surge in global political unrest, as the worst US drought in half a century sent corn and soybean prices soaring to record highs overnight.