Interview
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The war in Ukraine, added to the needs arising from the vigorous post-Covid recovery, is creating strong tensions on the commodity markets. This raises fears of a risk of food insecurity in the world, affirms to “Libé” the economist Thierry Pouch.
Do empty sunflower oil shelves in supermarkets since the start of the war in Ukraine foreshadow long-lasting food insecurity around the world? Tensions over raw material supplies are affecting more and more sectors and driving up the prices of everyday products. To circumvent these increases, manufacturers are turning to substitutes, creating an inflationary domino effect. A change of footing which has its consequences, as evidenced by the decision taken this week by Indonesia to suspend its palm oil exports.
Thierry Pouch, head of the studies, references and forecasts department at the Permanent Assembly of Chambers of Agriculture, is concerned with Release the spread over time of these tensions. Which could go, according to this economist, to new food riots on the planet.
Where do these glaring tensions on sunflower oil supplies come from?
This price surge that we are seeing was triggered at the end of 2020 at the time of the global economic recovery. [post-Covid]. There has been an increase in demand…