RIO DE JANEIRO, BRAZIL - The world has become accustomed to paying little to feed itself. After years of cheap food, the food price index of the FAO (the UN Agency for Food and Agriculture) reached its peak of the past two years in November, driven by meat (affected by swine fever in China) and cooking oil.
But this is not the end of the phenomenon. A report by the Nomura bank alerts that the era of low-priced food could come to an end because of rising demand and supply constraints that will boost costs in the coming years. "It . . .