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<\/p>\nSpeaking at the Redburn Atlantic and Rothschild consumer conference recently, Sunny Verghese, Olam Agri\u2019s CEO, said trade barriers imposed by countries are exacerbating inflation and pushing countries into conflict over waning food supplies.<\/p>\n
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\u201cBig agricultural commodity traders, which reaped record profits in 2022 after Russia\u2019s full-scale invasion of Ukraine sent food prices soaring, have been accused of exacerbating flood price inflation through profit-boosting mark-ups<\/em>,\u201d the Financial Times<\/em> said.<\/p>\n \u201cFood prices started to climb in the wake of covid and surged following Russia\u2019s invasion of Ukraine as some exports of grain and fertilisers were blocked by the conflict. This deepened food insecurity in poorer countries and left consumers all over the world facing a cost-of-living crisis<\/em>,\u201d the news outlet noted.<\/p>\n But Verghese argued that elevated food price inflation was in part the result of government intervention. A proliferation of non-tariff trade barriers in 2022 in response to the war had \u201ccreated an exaggerated demand-supply imbalance<\/em>.\u201d<\/p>\n The gist of his argument is that trade barriers and protectionist policies are creating tensions between countries, leading to conflicts over food supplies while climate change is affecting global food production, leading to shortages and price increases, which can spark conflicts over resources.<\/p>\n While Trade barriers and conflicts can lead to price increases, making food unaffordable for many people, conflicts over food supplies can lead to food insecurity, malnutrition and even famine.\u00a0 And \u201cfood wars<\/em>\u201d could have a significant impact on the global economy, leading to economic instability and recession.<\/p>\n If there is a concern about \u201cfood wars<\/em>,\u201d why are governments of Western nations waging a war on farmers in the name of climate change?<\/p>\n The War on Farmers is a global phenomenon and it has been gaining momentum in recent years. Various forms of attacks, restrictions and policies imposed on farmers by governments, corporations and environmental groups, threaten farmers\u2019 livelihoods, national food security and the global food supply.<\/p>\n For example, the Dutch government has imposed strict regulations on farming practices, which has led to protests and concerns about food security.<\/p>\n Another example is the US government\u2019s policies, such as the Renewable Fuel Standard, which have led to increased costs for farmers and reduced crop yields, making it difficult for them to compete with large corporations.<\/p>\n The War on Farmers continues. Recently, livestock farmers in Denmark were warned that the farts and burps from their cows, sheep and pigs will be measured and taxed from 2030, the first country in the world to do so as it targets methane emissions.<\/p>\n And the No Farmers No Food campaign posted the video below of a British farmer. \u201cWe\u2019re now being paid to stop growing food and grow wildflowers<\/em>,\u201d he said.<\/p>\n \u201cWe\u2019ve had enough.\u201d pic.twitter.com\/UNDe2tgC2I<\/a><\/p>\n \u2014 No Farmers, No Food (@NoFarmsNoFoods) June 26, 2024<\/a><\/p><\/blockquote>\n\n