Commodity food prices scorch higher in April
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Food prices are at a seven-year peak, up 33% since May 2020, with April seeing the fastest yoy rise for a decade
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High household spend on and high imports of food in Bangladesh, Egypt, Jordan, Lebanon, Nigeria, Pakistan, Philippines
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This implies a higher risk to inflation, fiscal spend (where governments subsidise), trade balance and social stability
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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