Okay, I admit, it’s a frivolous title for a fairly important event, but I couldn’t resist. A number of news sources, like the FT and Al Jazeera have covered the march of over 10,000 people in Jakarta, who are protesting the soaring price of soy. The price of bean curd and tempeh has doubled over the past few weeks. Why? Because the demand for biofuels have diverted production from food to flame. The result? Soaring prices of the key source of protein for a nation of over 200 million people.
And they’re not the only folk suffering from the food price rises. I’ll be blogging about the wider phenomenon of agroflation in just a few moments…