Six charts that show why high food prices aren’t going away

Price moves for some agricultural commodities have been dramatic since Russia invaded Ukraine at the end of February. We believe these prices are likely stay around these high levels for the foreseeable future. Demand is set to remain high, while supply will remain constrained this year and next. This tightness in supply and demand may even worsen in 2023 and beyond. That’s because unpredictable weather patterns are adding to supply uncertainty, alongside the possibility of continued disruption to production in Ukraine.