"Banks and other financial speculators are increasingly "betting on food prices in financial markets," according to this infographic from the World Development Movement. Food prices now account for 70 percent of total expenses in some of the world's poorer households, hitting a record high in February. Looking forward, the OECD estimates that over the next decade cereal prices will rise 20 percent. That's still less than meat prices, which are expected to jump by nearly a third."
