Video Duration 26 minutes 00 seconds
From: Counting the Cost

The perfect storm: Global food prices hit six-year high

Increasing demand from China, adverse weather conditions and pandemic-hit supply chains are all pushing up food prices.

Government bond markets have been rattled by fears of inflation as central banks print money to help governments through the pandemic.

Investors fearing inflation are looking to mitigate their exposure by shifting money out of bonds and some stocks. Some of that money is moving into the dollar and commodities, raising concerns that speculators may be partly fuelling the rise in food prices.

We look at what is driving up prices with the United Nations’ Food and Agriculture Organization’s senior economist Abdolreza Abbassian.

Plus, we speak to IHS Markit’s senior economist Alisa Strobel about Ethiopia’s search for debt relief.