CGD paper finds that food stocks are relatively high atm suggesting that a major livelihood crisis from the coming El Nino is not certain. The biggest risk they identify comes from restricted grain supplies via the Black Sea caused by the Russia/Ukraine conflict. www.cgdev.org/publication/...
cgdev.org
Will El Niño Mean Another Global Food Price Spike?
There are concerns that this year’s El Niño—set to be the largest in living memory—could add another source of pressure on global food markets, alongside volatile global oil and fertilizer prices as a...