The World Bank, the IMF and the Food and Agriculture Organization of the United Nations have all been in the news lately vocalising concerns about increasing food prices and the knock-on implications.
When three of the world's most influential NGOs are all drawing attention to the same issue, you know it is worth paying attention to. The war in Ukraine is, of course, having an impact - Ukraine is one of five so-called ‘breadbaskets' in the world, while Russia is another. Together, Russia and Ukraine are normally responsible for around a quarter of wheat exports globally. Those supplies (and those of other food exports) have been heavily affected, if not halted altogether, since Putin's invasion of Ukraine. And prices have been driven higher as a result. Schroders: Ukraine crisis...
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