Enjoy low food prices, they are not here to stay

At least the price of stuff is coming down. Faced with a rash of corporate bankruptcies and the threat of mass unemployment, the only piece of good news for the Government is that white van man isn


Loss-making oil and metal barons? Who cares. But this is not just about the economics of oil, it is also about the economics of food and it is about why very low prices today will engender very high prices tomorrow.

One for politicians to worry about is rice. The grain that keeps Asia moving has halved in price since it peaked in April last year at $1,080 a tonne, thanks to very good harvests in India and Thailand. That