[1687] Of food crisis, overblown

I am currently reading the latest OECD-FAO Agricultural Outlook 2007-2018 as part of work and one of the more interesting facts is:

The commodity price spikes witnessed in the last couple of years, and particularly most recently, are exceptional when viewed from the perspective of the last decade or so but not so much so when seen in a longer historical context. Figure 2.1 shows the evolution of annual average world prices of wheat, coarse grains, rice and oilseeds from 1970 to 2007, with projections from 2008 to 2017. Monthly average prices for April 2008 are also included to indicate most recent developments. [Page 38. OECD-FAO Agricultural Outlook 2007-2018. OECD-FAO. 2008]

I will try to put up the graph later in the day but I have a dinner appointment to catch. Tata.