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Recent floods and Cyclone Yasi in Australia damaged Queensland's coal and agriculture industries, reducing the country's real level of output therefore adversely affecting its economic growth. This could make the economy contract for the first time since the global financial crisis. Furthermore, The damage to agriculture industries is expected to cause a spike in food prices increase inflation over the next few months.

This article discusses how India, as well as most Asian countries are susceptible of experiencing a cost-push inflation in the near future due to the progressively increasing oil prices (which would increase production costs significantly, reduce output, and increase prices). Also, details concerning India's agricultural sector in relation to inflation rates are also discussed.

This article is about a rising concern over inflation in China. Pressures from oil, agricultural commodities and wages are the main contributors to the inflation in China and the Chinese government is having difficulty to control them.

This article about UNFAO agrees with banning the subsidies for agriculture on the rich countries, due to the effects on trade. Subsidies is an example of protectionism.

Russia cut down its tariffs for transportation exceeding 1100 km by half to lower the cost of hauling grain to its farmers in the country's interior to sell their crops.