2007-2008 Global Food Price Crisis
Wheat and rice prices nearly doubled as drought cut harvests and oil prices spiked. India, Vietnam and Russia restricted exports, sending rice to record levels and contributing to food riots in more than 30 countries over the 2007-2008 and 2010-2011 periods.
Food riots broke out in Egypt, Haiti, Cameroon and elsewhere; aid budgets were strained.
The G20 created AMIS in 2011 to improve grain market transparency and coordination.
Shows how weather-driven commodity spikes transmit to consumer prices and instability, the same channel the FAO warns about now.
