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Food Inflation on the Way: Stunner from Russia

Thursday, August 5, 2010, 8:23 AM
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World events have just taken a turn for the better, if your measurement happens to be soaring food prices.  Otherwise, they are ominous, because food inflation centered on grains is on the way, and what follows next, more often than not, is social unrest in the poorer nations.

We've been following the wheat story here for a while, and today's announcement by Russia is a stunner:

 

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