Tensions Rise On Surging Food Prices -- CNNNEW YORK (CNNMoney) -- Food prices have been rising worldwide, as the cost of raw materials and agricultural products surge, contributing to political unrest around the globe.
In December, international food prices broke an all-time high when they rose 25% for the year, led by rising costs for staples like rice, wheat, and maize, the United Nations reported.
The sharp rise in food prices, in particular, has become "a source of political instability," New York University economist Nouriel Roubini, told CNNMoney's Poppy Harlow, at the World Economic Forum in Davos, Switzerland this week.
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Update: Authoritarian governments start stockpiling food to fight public anger -- The Telegraph
My Comment: I have posted a number of stories on this topic in the past month. Here is another one.
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