Market Views: Top gainers from rising food prices

Food prices have been a high-profile casualty of Rusia’s war of aggression in Ukraine, climate-related agricultural supply shocks, higher energy prices, and a ratcheting up of central bank interest rates around the world. Those rates are expected to be dialled back as soon as next year, and the inflation that has accompanied them is already in retreat in major economies. But a broad consensus exists that the high food prices we are seeing today will remain elevated for the foresee…