Rising Food Prices

Here is an interesting piece from Krugman in today's IHT concerning the worldwide problems associated with rising food prices.

Unfortunately, Australia is one of the main contributors to the problem - we are experiencing a 'once in a thousand year drought' at the moment, which is at least in part induced by our lack of action on the climate change issue.

That's especially bad news for the rest of the world, given that Australia is under normal circumstances the world's second largest wheat exporter.