Thanks to a growing wave of commodities exchange traded funds (ETFs), investors now have many options for participating in the current commodities bull market.

"When the LBO firms went public, the next day, the game was up,” said Jarislowsky, whose firm manages about $56 billion. “Why is he going public? If it’s going that well, why would you let anybody in on it? Why doesn’t he just sell to his partners?”

Rice prices have hit fresh records after World Bank officials said Thailand, the largest exporter of the grain, may restrict exports, worsening the global food crisis. The escalating food crisis is easily the biggest problem facing Asia and other emerging markets - much more troubling than the credit crunch.