High food prices generate symptoms which are more obvious than their underlying causes. For these the following article suggests some fundamental explanations, laying stress on monetary issues.

Since the Arab oil embargo and the US-Russian wheat deal of 1973 there has been much talk of “agri-power“ implying that the United States which normally accounts for 50% or more of the world’s wheat exports could follow the oil producers’ example and unleash a food weapon to bring the...

The current American and European mutual accusations of agricultural protectionism are an obvious case of the pot calling the kettle black. What series of events led up to this confrontation? And how can the conflict situation be eased?