As food prices soar, big agriculture is having a field day (Economist)

Economist published an article about how the reopening economy’s hunger for goods from China, and for the containers that carry them, has left importers of coffee and other crops, struggling to ship globally. And food prices are increasing. Transport logjams and paltry harvests in producing regions have conspired with surging demand to stoke food inflation across the smorgasbord. The uncertainty and shrinking stockpiles are creating volatility. IFPRI has had corn on high “excess price variability” alert for nearly four months. The prices of wheat and coffee have been volatile, too.