There is rising inflation in most of the countries. Printing money and reducing rates to stimulate economy during COVID and some severe supply chain disruptions, has led to oversupply of money and shortage of goods.
- Due to war in Ukraine, there is massive impact on wheat, fertilizer and oil supply chains
- Due to ongoing COVID restrictions, there are strict lock downs in China, further impacting supply chains
- Due to adverse weather, grain production is going to be adversely impacted across the world.
- Most countries, (apart from China) do not have huge stocks of grains to survive through the year without taking a huge hit on the economy.
It is going to be a painful year.