From Sweden and Norway to India and Indonesia, states are holding again growing portions of rice, wheat and different staples as insurance coverage in opposition to a world they more and more view as unstable.
The return of meals stockpiling displays a convergence of shocks: pandemic disruption, a basic sense of world unease with the conflict in Ukraine and up to date conflicts in Gaza, Venezuela and Iran, local weather volatility and the renewed weaponisation of commerce. It additionally exposes a deep faultline in world financial pondering, explains the FT’s commodities correspondent, Susannah Savage.
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Produced by Paolo Pascual.
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