OUCH!

The World Bank reports that rising food costs have become a crisis in the world:

The rising trend in international food prices continued, and even accelerated, in 2008. U.S. wheat export prices rose from $375/ton in January to $440/ton in March, and Thai rice export prices increased from $365/ton to $562/ton. This came on top of a 181 percent increase in global wheat prices over the 36 months leading up to February 2008, and a 83 percent increase in overall global food prices over the same period (see Figure 1).