Food prices are shooting up to levels last seen back in 2008, when foodstuff inflation hit populations around the world. If present trends continue, though, some consumers might find themselves looking back on that earlier era with nostalgia.

Economist Joachim von Braun, director of the Center for Development Research in Bonn, Germany, says the world could be facing a new era of expensive food. "The best forecasting models for the long run, for the next few

Read more...