With news today from Fraser McKevitt at Kantar that grocery inflation is beginning to fall back, Atrato Principal Ben Green discusses with This Is Money how the war in Ukraine has had a prolonged impact.
“At the farming stage, the war in Ukraine has had a substantial impact on raw ingredient prices… As a major exporter of food – particularly grains – Ukraine’s supply chains have been massively disrupted, driving up prices globally. Milk prices are highly sensitive to the price of cattle feed, which is generally made from wheat and soy – pushing up costs for dairy farmers.”
Ben also added that increased energy prices have had an impact on ‘every stage of the food supply chain’.
Read the full article: https://www.thisismoney.co.uk/money/investing/article-12287267/Can-invest-protect-against-food-price-inflation.html