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Asia needs to brace for surging food prices

Deep and potent forces are at work

| East Asia
A man grills chicken to sell at a bazaar in Kuala Lumpur: Signs abound of a potentially devastating jump in the price of all types of staples.   © AP

Frederic Neumann is HSBC's co-head of Asian Economics Research.

The headlines often seem remote. Snarled supply chains and gyrating financial markets may grip the attention of businesses and investors. But, for billions across Asia, a far bigger crisis is threatening to unfold: surging food prices. Policy missteps could worsen the situation.

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