Rising food prices or foodflation: Not too small a monster to be ignored

In a previous My View – Economics Matters Column titled ‘The Scary Monster Again: A Global Food Crisis in the Offing,’ we drew the attention of readers to a looming global food shortage (available at http://www.ft.lk/2011/02/07/the-scary-monster-again-a-global-food-crisis-in-the-offing/).