Price of pasta, price of cooking oil, rice or meat will increase 20%? 30%?
That's all right. I don't care much. I can handle it, just like most people in developed countries. We don't spend much on food, increasing that budget by a third is perfectly fine.
The problem will be with the poor countries, but I wonder: is it a problem, or a solution?
There were 100 millions people living in Africa in 1900. Now, there are over 1,500 millions people there. I know that some people live a in a fantasy world thinking that there will be food, jobs, modern housing and all creature comforts for every human, but that won't happen. We live in a finite world, and the population just cannot grow without limit. Number one rule of the world has always been the survival of the fittest...
In my own idea, the crisis of food prices is not the same as increasing the inflation rate, because when the food price crisis starts in any country they will have a problem with supplying one of the most important things for their people which is needed to supply in any condition. So when this kind of crisis starts people will start saving food inside their homes in some countries and this will make the food price increase even more and since they need to consume food more than anything we can see maybe some price of assets are decreasing against food because people will sell them to buy more food in that situation. so this can not be good in any situation.