Extreme meteorological changes are adversely impacting crop growth worldwide which reduce export revenue especially for emerging countries.
Labor shortages for spring harvests and logistical challenges in transporting goods to markets are complicated by governmental restrictions to combat Covid-19.
This myriad of problems are rapidly resulting in strong upward pressure on food prices.
Increased food prices are an economic hardship and internal security problem for emerging countries with low foreign reserves, a strong US dollar and highly subsidized food essentials.
For more particulars please refer to the full published article on Seeking Alpha.
Indo-Brazilian Associates LLC is a NYC-based think-tank and advisory service that provides prescient beyond-the-horizon contrarian perspectives and risk assessments on energy investments, geopolitical dynamics and global urban security.