Michael Avery talks to Kay Hope, a research analyst specialising in ESG issues related to fixed income at Bank of America
27 May 2022 - 17:57
byMichael Avery
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At a time when we talk about driverless cars and virtual reality headsets, it’s hard to believe that over 2-billion people face regular food security issues.
Russia’s invasion of Ukraine has brought food security issues to our doorstep: agricultural food prices jumped 36.6% year-on-year in March, after rising 28% in 2021, according to the World Bank.
Ukraine accounts for 12% of global grain exports. Ukraine and Russia produce 65% of sunflower oil exports and more than 25% of wheat exports. Global cereals supply is already stretched.
Food price shocks hit lower-income countries the hardest — this is already being reflected in sovereign spread widening in emerging markets, according to a recent thematic note on food security published by Bank of America Global Research.
Michael Avery is joined by lead author Kay Hope, a research analyst specialising in ESG issues related to fixed income at Bank of America.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
BUSINESS WATCH WITH MICHAEL AVERY
WATCH: Food security — environmental meets social
Michael Avery talks to Kay Hope, a research analyst specialising in ESG issues related to fixed income at Bank of America
At a time when we talk about driverless cars and virtual reality headsets, it’s hard to believe that over 2-billion people face regular food security issues.
Russia’s invasion of Ukraine has brought food security issues to our doorstep: agricultural food prices jumped 36.6% year-on-year in March, after rising 28% in 2021, according to the World Bank.
Ukraine accounts for 12% of global grain exports. Ukraine and Russia produce 65% of sunflower oil exports and more than 25% of wheat exports. Global cereals supply is already stretched.
Food price shocks hit lower-income countries the hardest — this is already being reflected in sovereign spread widening in emerging markets, according to a recent thematic note on food security published by Bank of America Global Research.
Michael Avery is joined by lead author Kay Hope, a research analyst specialising in ESG issues related to fixed income at Bank of America.
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