"Figure 1 adds trend lines to the CSI data, the Rabobank Report forecast for UN FAO Food Price Index for June 2013 and the potential repeat of 2008 and 2011 at the elevated levels resulting from the overall underlying trend of line 1.

The current index is above the critical level. Because of extreme weather events this year, the index is expected to rise again in 2013. The UN’s food watchdog, the FAO (Food and Agriculture Organisation), forecast that the index will rise even further in 2014.

Meanwhile the insurance industry is worried by the trend towards greater number and strength of extreme weather events, including hurricanes. Note that Sandy’s cost was greatly amplified by the diversion westward at it approached the coast off New York. Sandy had hit a jet stream blocking pattern. The loss of Arctic sea ice is leading to this kind of unusual event become more frequent. The insurers are worried, but governments should be even more worried, because extreme weather events will drive the food price index even higher."
http://a-m-e-g.blogspot.com/


Figure 2 ~ Connecting the dots and breaking the chain