Food Price Inflation: Where Are The Risks?
After three major food price spikes in the preceding five years, grain prices declined sharply over 2013, falling by an average of 25%. At BMI, we expect grain prices to head further south in 2014, generally averaging lower in 2014 than 2013. That being said, we recently published an article highlighting several key flashpoints that could drive food prices higher in the coming months, increasing inflation risks across a number of markets. This podcast features Cole Martin, an analyst with Business Monitor's Global Commodities team, discussing the article.