According to a recent NY Times article, at least 29 nations have recently curbed food exports.
Take a wild guess what happens when nations curb exports of something – I’ll give you a hint, it’s not bearish for prices.
Also this quote struck me in the article:
“The main cause of rising rice prices is the rising cost of rice planting,” said Surapong Suebwonglee, the finance minister of Thailand, the world’s largest rice exporter.
No more cheap energy means no more cheap food.