The Ukraine war has driven up food prices around the world, and there’s still room to grow.
It’s a price reckoning that European consumers are already all too familiar with, and now US consumers are starting to feel the pain of high natural gas prices.
Drought, global markets, and fiscal pressures are giving rise to a cost-of-living crisis in Iran, and it’s a risk that’s becoming increasingly common throughout the developing world as the Ukraine war drags on.
Weather, supply chain shortages, and geopolitics are combining to drive up prices for major agricultural exports around the world.
Food insecurity risks are increasing as food prices rally across-the-board to close out 2021.