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The Hunger Profiteers

It is hard to predict when exactly food prices will spike again, but there is little doubt that more shocks will come. The consequences are likely to be compounded if a few companies still hold inordinate power over the world’s food systems.

WATERLOO/EAST LANSING – The COVID-19 pandemic and the war in Ukraine have caused commodity prices to soar in recent years, severely undermining global food security. Now, global food prices are down from the peaks of a year ago, but no one should be complacent: the world’s food woes are far from over. The risk of additional price volatility remains high.