Wor­ry­ing surge

Finweek English Edition - - ECONOMIC TRENDS -

FOOD PRICES HIT a record level at year-end 2010, higher than the lev­els seen dur­ing the 2007/2008 cri­sis, ac­cord­ing to the United Nation’s Food and Agri­cul­ture Or­gan­i­sa­tion, which has al­ready led to in­fla­tion in some coun­tries, most no­tably emerg­ing mar­kets but also in the de­vel­oped world. Though South Africa won’t come away un­scathed, the coun­try is shielded by the strong rand.

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