Droughts, Floods and Food, The New York Times, 6.2.2011

Droughts, Floods and Food , The New York Times, 6.2.2011 by  PAUL KRUGMAN

''We’re in the midst of a global food crisis — the second in three years. World food prices hit a record in January, driven by huge increases in the prices of wheat, corn, sugar and oils. These soaring prices have had only a modest effect on U.S. inflation, which is still low by historical standards, but they’re having a brutal impact on the world’s poor, who spend much if not most of their income on basic foodstuffs''.