- June 4, 2022
- Posted by: Stratford Team
- Category: Economy
The Russia-Ukraine war has highlighted the global food supply disaster but this was brewing well before the war. The food supply chain has been increasingly global. The Great Recession of 2008-9 began to disrupt that chain, based as it was on multi-national food companies controlling the supply from farmers across the world. These companies directed demand, generated the fertiliser supply and dominated much of the arable land. When the Great Recession struck, they lost profits, and so cut back on investment and increased pressure on food producers in the ‘Global South’.
The cracks in these fundamentals of food supply were accompanied by rising oil prices, explosive demand for corn-based biofuels, high shipping costs, financial market
Financial market
The market for long-term capital. It comprises a primary market, where new issues are sold, and a secondary market, where existing securities are traded. Aside from the regulated markets, there…
