Separating the wheat from the flak
The war in Ukraine is exacerbating global food inflation, creating a humanitarian crisis and potentially expanding the conflict.
The deteriorating global security situation has created a correspondingly dire situation for food. The price of corn, for example, rose this week to its highest in nine years.
The world has entered a vicious conflict-commodities cycle, whereby conflict and sanctions have disrupted trade in commodities, sending prices for key comestibles soaring, contrib…