Nomura Warnings Of A Coming Surge In Food Prices, Fears Worst El Nino Since 1950
Nomura sees the potential for global food supply disruption being easily triggered & feed primarily through a feedback loop of hoarding, financial speculation and trade protectionism.
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Rising food prices have a substantially larger impact on the CPI's of emerging economies and warns of possible repeat impact similar to the 2007-2008 food price surge
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