He could be right- what do I know?- but the FAO is noticing rising sugar prices, and the USDA says soy prices are at their highest levels in nearly 10 years. And gas, don't forget gas.
Update July 6, 2021: Washington Post says that food prices are up globally, under pressure from climate change, changes in food systems sparked by COVID, and geopolitical rivalries. We'll see how that translates for us back in the US!