The devastating flooding in
has destroyed crops and led to a surge in food prices in the country. Pakistan
It’s good to see that no matter what, the free market economy that allows profiteering from misery is as healthy as ever.
Elsewhere, food supplies have been severely disrupted in
, pushing up prices where the country is battling with its worst flooding in a decade. China
At the other extreme,
's worst heat-wave on record has parched crops with prices having soared by more than 50% since Russia June..
However, you might be glad to hear that the UN's Food and Agriculture Organization says that fears of a new global food crisis - similar to that of three years ago - are not justified.
That crisis was one that was manufactured by the markets for profit. There was never any shortage at all.