Equity Analysis /
India

IN : Commodities - Overall - Food inflation to hit the roof, courtesy Brazil

    Nitin Awasthi
    CGS-CIMB
    25 March 2022
    Published by

    Brazil - the breadbasket of the world – is fast running out of fertilizers and this has universal impact. The wheat crisis caused by the ongoing Russia-Ukraine war is peanuts compared to the upcoming Brazilian food problem of gargantuan proportions. We hope that we have got it all wrong and this crisis may not worsen.