The huge growth in China in income has increased demand for food that is leading to higher food prices (along with some bad weather).

The US won't see much of an impact, but there will be a significant impact on poorer countries that will increase instability in many countries.  Many countries in the world subsidize many basic foods and combines with a higher price for oil (also subsidized) to make for a lot of unhappy people.

China food choices reshaping world markets - Washington Post

Labels: Chinese Food