The end of cheap food

Prices skyrocketed in the 2008 recession, and since then they’ve remained high.
Higher food prices have indeed raised incomes. But the process entails costs that generally go uncounted, writes Mark Fried.
OTTAWA—For decades, governments in developing countries sought to keep food prices low to depress wages and attract investment in manufacturing. Cheap food also kept a lid on urban discontent, while ensuring a steady supply of cut-rate labour fleeing rural penury. Canadian Foodgrains Bank, Oxfam,...

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