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Macron urges Russia to allow farm production in Ukraine
Some countries will be having serious problems (Egypt), others (EU) serious
inflation. Wheat (= bread), Sunflower oil (= french fries).
Overall in addition to hydrocarbon energy, food (=human energy) will be a constrain.
Possible investments, fertilizers, food producers.
Can the US switch easily from corn (for ethanol), to more wheat/sunflower?
In any case energy/food inflation not going away and interest rates cannot cure this
inflation.
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Ukraine: Macron calls on Russia to avoid 'famine' in vulnerable countries
Speaking after G7 and NATO summits, French President Emmanuel Macron urges Moscow to show responsibility by allowing farm production in Ukraine, which is a major cereal grain exporter. Without that, 'inevitable famine' in some countries would ensue within 12 to 18 months, with Egypt and North Africa facing severe grain shortfalls, he adds.