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 Pros and Cons of Investing in Physical Precious Metals READ MORE Jobs Report Shakes Up Fed Rate Cut Expectations, Bolsters Dollar READ MORE Warm Winter Weather Dips Oil Prices Despite OPEC+ Cut Extension READ MORE U.S. Labor Market Cools, Sparking Economic Concerns for Fed Officials READ MORE US Treasury Yields Stabilize as Middle East Tensions Ease READ MORE Add a Comment Cancel replyYour email address will not be published.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