Food Wars Loom as Nations Hoard Supplies, Warns Agricultural Trader Sunny Verghese, CEO of Olam Agri, warned that the world is on the brink of “food wars” due to geopolitical tensions and climate change, which are straining food supplies. Speaking at a recent conference, Verghese highlighted that government-imposed trade barriers, intended to protect domestic food stocks, have exacerbated food inflation. He noted that the proliferation of non-tariff trade barriers in response to the Ukraine war has created an exaggerated demand-supply imbalance, driving up prices. Wealthier nations stockpiling strategic commodities have further intensified this issue, leading to higher global food prices and deepening food insecurity, especially in poorer countries. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Job Growth Surpasses Expectations with 272,000 New Jobs in May READ MORE Gold's Price Peak Sparks Investor Debate READ MORE Summer Oil Spike Looms, Morgan Stanley Strategist Alerts READ MORE Striking Gold: Could Miner's Returns Outpace Gold Bullion? READ MORE Silver Achieves Major Milestone, Outpacing Gold's Gains READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment