Agriculture markets eye normality as countries ease export restrictions

Jun 03 13:06 2020 Print This Article

The global food supply chain, as well as demand for agricultural products, faces an unprecedented threat from the coronavirus pandemic.

Livelihoods have been destroyed and economies dragged down, while prices of basic foodstuffs soared and countries imposed measures to limit exports and shore up domestic supply, albeit mostly for a short duration.

“This is a very peculiar situation for the Food and Agriculture Organization,” Abdolreza Abbassian, senior economist with the UN agency, told S&P Global Platts.

“On one hand the message from us is look here, the world market is pretty well supplied, but on the other hand we see price rises, people who have severe problems in terms of access to food because they lost employment and income,” he said.

Go deeper: Interview – Abdolreza Abbassian, senior economist, UN Food and Agriculture Organization

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The Barrel

S&P Global Platts provides market insights so people can make more informed trading and business decisions.. They're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to their expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. S&P Global Platts provides critical information for the commodities & energy markets to make physical commodity markets more transparent and efficient. S&P Global Platts blog, The Barrel, provides the essential perspective on global commodities.

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