Could the Covid-19 pandemic cause food shortages and soaring prices? As often, crises, and this one is unprecedented in its scale and general containment, generate irrational consumer behavior and encourage countries to restrict exports and make emergency stocks.
The economic shock wave caused by the virus that disrupts supply chains is felt in agricultural prices. Our food is, for many products, very globalized, provided by major agricultural powers. The price of corn depends on the United States, the world leader which covers a third of production. Sugar prices are determined by Brazil, both the world's largest producer and exporter.
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Since the start of the pandemic, key agricultural commodities have been heckled on the markets. Several grains and oilseeds, used in the production of biofuel, fall in the wake of oil.
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