Labour costs  BIS central bankers’ speeches  5  are clearly rising sharply, which for commodities like food usually mean a high degree of pass-through into the selling price.
The broader point here is that, if wages are rising at current rates, for whatever reason, they will exert strong pressure on the prices of all agricultural commodities for which wage costs are a dominant component of the cost structure. I must point out that, from a larger development perspective, rising wage costs are actually a good thing.