Photographer: Robert Gilhooly/Bloomberg
Shoppers look at foodstuffs at a supermarket in Tokyo. The Standard & Poor’s GSCI Agriculture Index of eight futures climbed 52 percent in the past 12 months, paced by corn and wheat, as flooding in Canada, China and Australia and drought in Russia and Europe ruined crops. The United Nation’s food index tracking wholesale costs of 55 foods exceeds levels seen in 2008, when violence erupted from Haiti to Egypt. Japan’s producer prices rose 1.2 percent in December, the fastest pace in more than two years.