Strategy Note /
Global

Food commodities rise to decade high, compounding fuel price for some

  • Food prices up 3% mom in October, up 32% yoy and up 46% from May 2020 trough, now at a a 10-year peak

  • High household spend on (and high imports of) food in Bangladesh, Egypt, Jordan, Lebanon, Nigeria, Pakistan, Philippines

  • Implies renewed pressure on inflation, fiscal spend (where governments subsidise), trade balance and social stability

Food commodities rise to decade high, compounding fuel price for some
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
4 November 2021
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