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Extreme weather like the droughts in Russia, China and Brazil and the flooding in Pakistan and Australia [in 2010] have contributed to a level of food price volatility we haven't seen since the oil crisisof 40 years ago. Unfortunately, this could be just a taste of things to come because in the next few decades the build-up of greenhouse gases already in the atmosphere could greatly increase the risk of droughts, flooding, pest infestation and water scarcity for agriculture systems already under tremendous stress.

Extreme weather like the droughts in Russia, China and Brazil and the flooding in Pakistan and Australia [in 2010] have contributed to a level of food price volatility we haven't seen since the oil crisisof 40 years