March 31, 2020

UGH: A food crisis looms as coronavirus forces farms to stay idle and countries hoard supplies.

Countries most exposed to a rise in food price inflation include those with elevated imports as a share of domestic food supply, such as the Middle East, China, Japan and South Korea, said Fitch Solutions.

Economies with weakened currencies, such as India and Indonesia are also exposed, as most commodities are denominated in the dollar on the international market.

As a big exporter, I expect we’ll be fine aside from some temporary disruptions as producers and distributors acclimate to the new-but-temporary normal.

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