The price of wheat is up 25%. Rice is up 30%. And it was announced today that the production of corn grain in the US will fall by 8% this year. So, bread, pizza, pasta and rice dishes are set to become pricier and limited corn supply will put the squeeze on all kinds of foods including tomato ketchup and sweetened fizzy drinks.
We're headed for a global diet - like the carb free regime that made a fortune for Dr Robert Atkins.
But it gets worse. Corn and soy are also used to feed dairy cows and egg-laying hens, as well as to fatten chickens and cattle.
It might not even be possible to eat the high-fat, high-protein diet Dr Atkins championed. Although, he was obese and sickly when he died so that might be a blessing.
Still, if the global financial recession means belt tightening all round, we might need to make an extra hole in our belts to match our soon-to-be-shrinking waistlines...
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