Mobius says emerging markets can weather food price hikes

Mobius, who runs the Templeton Emerging Markets investment trust, says the impact of the food price rises is largely controlled by governments and has not yet given him huge cause for concern. “Per capita income is rising at such a pace that it can justify these prices and there has not been a decline in consumption. The lower income population has been impacted for the most part but the impact has not been felt for people on higher incomes. Prices are being absorbed into the market so are not that much of a problem but we do need to keep watching what is happening in this area.” Mobius...