9/10/2010

A harvest failure in Russia, which makes 8% of the world's wheat, triggered panic buying, an export embargo and spiking prices, demonstrating that the food market is too shallow and vulnerable, according to The Economist. The world needs a deeper, more resilient and more efficient food market. The first step toward that is for Europe, Japan and the U.S. to reduce agricultural protectionism, the magazine notes.

Related Summaries