Harvester of Sorrow: Ukrainian supply disruptions are only a part of food inflation

Wheat prices up 38%

clock • 4 min read

Near the start of February, I discussed the implications of soaring natural gas prices on fertilizer production and food prices. It seems fair to say things have escalated significantly in the subsequent period, with the S&P GSCI Agriculture Spot index having since rapidly moved a further 16% higher to all-time highs. More startlingly, grains prices have moved far more sharply higher with wheat prices (at time of writing) up 38%.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Commodities

Woodhill's Paul Wood: Long-term oil price more likely to be $20 than $200

Woodhill's Paul Wood: Long-term oil price more likely to be $20 than $200

Risk of 'too much' oil

Paul Wood
clock 19 May 2026 • 2 min read
Partner Insight: No disruption to the post - Covid commodities boom

Partner Insight: No disruption to the post - Covid commodities boom

Alexandre Carrier (DNCA) explains why uncertainties do not undermine investors’ interest in commodities

Sponsored by Natixis Investment Managers
clock 11 May 2026 • 6 min read
Investor gold demand declines in Q1 2026 as geopolitical volatility clouds sentiment

Investor gold demand declines in Q1 2026 as geopolitical volatility clouds sentiment

World Gold Council report

Michael Nelson
clock 29 April 2026 • 3 min read
Trustpilot