Today the UN’s Food and Agriculture Organization (FAO) has warned of the fourth consecutive rise in its monthly Food Price Index, a ‘food basket’ made up of cereals, oilseeds, dairy, meat and sugar.

Food prices reached a peak in June 2008, causing serious food security concerns and rioting in some parts of the world. For the food industry, higher ingredient costs were passed along the food chain and had an impact on the bottom line of many businesses – not to mention end consumersâ€...