World Grain - March 2023 - 34

Food inflation, SUPPLY
WORRIES THREATEN STABILITY
Paris Grain Day speakers say global grain market faces myriad challenges
by Chris Lyddon
E
ven though energy prices have come away
from peaks, the slowness of their effect to work
through the supply chain means that Europe still
faces increases in food costs, delegates at the Paris
Grains Conference, held Jan. 26-27 at the Le Méridien
Etoile, were told. There was also a stark reminder of
the importance of keeping Ukrainian grain moving,
particularly to the countries of the Middle East and
North Africa.
Isabelle Job-Bazille, chief economist of Credit Agricole
SA, set the scene in macroeconomic terms, starting with
inflation, which she described as " still the hot topic, " explaining
that there had been two waves of price increases.
" The first one started in 2021 with the reopening of
the economies and at that time we experienced a huge
gap between supply and demand, " she said.
Nikolay
Gorbachev,
president of the
Ukrainian Grain
Association,
discussed the
impact the
Russian invasion
has had on the
Ukraine grain
industry.
A rush to consumption by households frustrated after
months of lockdown came at a time when production
was still constrained by measures to contain the pandemic
and could not keep up. The second wave came
after the Russian invasion of Ukraine in 2022, with a
new surge in commodity prices.
" The prices of fossil fuels but also cereals and some
metals exported by the belligerent countries have
soared due to, at that time, the fear of shortages, " she
said. " The energy crisis is less severe than feared, especially
in Europe. thanks to, I would say, diversification
of energy supplies but also energy-saving efforts
by households and corporates and also mild weather so
far, especially in December. "
Prices for gas and many agricultural products had returned
to pre-war levels.
34
March 2023 / World Grain / World-Grain.com
Photography by Brett Walsh Photography

http://www.World-Grain.com

World Grain - March 2023

Table of Contents for the Digital Edition of World Grain - March 2023

World Grain - March 2023 - Intro
World Grain - March 2023 - 1
World Grain - March 2023 - 2
World Grain - March 2023 - 3
World Grain - March 2023 - 4
World Grain - March 2023 - 5
World Grain - March 2023 - 6
World Grain - March 2023 - 7
World Grain - March 2023 - 8
World Grain - March 2023 - 9
World Grain - March 2023 - 10
World Grain - March 2023 - 11
World Grain - March 2023 - 12
World Grain - March 2023 - 13
World Grain - March 2023 - 14
World Grain - March 2023 - 15
World Grain - March 2023 - 16
World Grain - March 2023 - 17
World Grain - March 2023 - 18
World Grain - March 2023 - 19
World Grain - March 2023 - 20
World Grain - March 2023 - 21
World Grain - March 2023 - 22
World Grain - March 2023 - 23
World Grain - March 2023 - 24
World Grain - March 2023 - 25
World Grain - March 2023 - 26
World Grain - March 2023 - 27
World Grain - March 2023 - 28
World Grain - March 2023 - 29
World Grain - March 2023 - 30
World Grain - March 2023 - 31
World Grain - March 2023 - 32
World Grain - March 2023 - 33
World Grain - March 2023 - 34
World Grain - March 2023 - 35
World Grain - March 2023 - 36
World Grain - March 2023 - 37
World Grain - March 2023 - 38
World Grain - March 2023 - 39
World Grain - March 2023 - 40
World Grain - March 2023 - 41
World Grain - March 2023 - 42
World Grain - March 2023 - 43
World Grain - March 2023 - 44
World Grain - March 2023 - 45
World Grain - March 2023 - 46
World Grain - March 2023 - 47
World Grain - March 2023 - 48
World Grain - March 2023 - 49
World Grain - March 2023 - 50
World Grain - March 2023 - 51
World Grain - March 2023 - 52
World Grain - March 2023 - 53
World Grain - March 2023 - 54
World Grain - March 2023 - 55
World Grain - March 2023 - 56
World Grain - March 2023 - 57
World Grain - March 2023 - 58
World Grain - March 2023 - 59
World Grain - March 2023 - 60
World Grain - March 2023 - 61
World Grain - March 2023 - 62
World Grain - March 2023 - 63
World Grain - March 2023 - 64
World Grain - March 2023 - 65
World Grain - March 2023 - 66
World Grain - March 2023 - 67
World Grain - March 2023 - 68
World Grain - March 2023 - 69
World Grain - March 2023 - 70
World Grain - March 2023 - 71
World Grain - March 2023 - 72
World Grain - March 2023 - 73
World Grain - March 2023 - 74
World Grain - March 2023 - 75
World Grain - March 2023 - 76
World Grain - March 2023 - 77
World Grain - March 2023 - 78
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World Grain - March 2023 - 80
World Grain - March 2023 - 81
World Grain - March 2023 - 82
World Grain - March 2023 - 83
World Grain - March 2023 - 84
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https://digital.world-grain.com/sosland/wg/world-grain-december-2023
https://digital.world-grain.com/sosland/wg/world-grain-november-2023
https://digital.world-grain.com/sosland/wg/world-grain-october-2023
https://digital.world-grain.com/sosland/wg/world-grain-september-2023
https://digital.world-grain.com/sosland/wg/world-grain-august-2023
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https://digital.world-grain.com/sosland/wg/world-grain-april-2023
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https://digital.world-grain.com/sosland/wg/world-grain-february-2023
https://digital.world-grain.com/sosland/wg/world-grain-january-2023
https://digital.world-grain.com/sosland/wg/world-grain-december-2022
https://digital.world-grain.com/sosland/wg/world-grain-november-2022
https://digital.world-grain.com/sosland/wg/world-grain-october-2022
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https://digital.world-grain.com/sosland/wg/world-grain-april-2022
https://digital.world-grain.com/sosland/wg/world-grain-march-2022
https://digital.world-grain.com/sosland/wg/world-grain-february-2022
https://digital.world-grain.com/sosland/wg/world-grain-january-2022
https://digital.world-grain.com/sosland/wg/world-grain-december-2021
https://digital.world-grain.com/sosland/wg/-world-grain-november-2021
https://digital.world-grain.com/sosland/wg/world-grain-october-2021
https://digital.world-grain.com/sosland/wg/world-grain-september-2021
https://digital.world-grain.com/sosland/wg/world-grain-august-2021
https://digital.world-grain.com/sosland/wg/world-grain-july-2021
https://digital.world-grain.com/sosland/wg/world-grain-june-2021
https://digital.world-grain.com/sosland/wg/world-grain-may-2021
https://digital.world-grain.com/sosland/wg/world-grain-april-2021
https://digital.world-grain.com/sosland/wg/world-grain-march-2021
https://digital.world-grain.com/sosland/wg/world-grain-february-2021
https://digital.world-grain.com/sosland/wg/2021_01_01
https://digital.world-grain.com/sosland/wg/2020_12_01
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https://digital.world-grain.com/sosland/wg/2019_12_01
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https://digital.world-grain.com/sosland/wg/2019_07_01
https://digital.world-grain.com/sosland/wg/2019_06_01
https://digital.world-grain.com/sosland/wg/2019_05_01
https://digital.world-grain.com/sosland/wg/2019_04_01
https://digital.world-grain.com/sosland/wg/2019_03_01
https://digital.world-grain.com/sosland/wg/2019_02_01
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http://digital.world-grain.com/sosland/wg/2018_12_01
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https://www.nxtbook.com/sosland/wg/2018_02_01
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https://www.nxtbook.com/sosland/wg/2016_07_01
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https://www.nxtbook.com/sosland/wg/2016_05_01
https://www.nxtbook.com/sosland/wg/2016_04_01
https://www.nxtbook.com/sosland/wg/2016_03_01
https://www.nxtbook.com/sosland/wg/2016_02_01
https://www.nxtbook.com/sosland/wg/2016_01_01
https://www.nxtbook.com/sosland/wg/2015_12_01
https://www.nxtbook.com/sosland/wg/2015_11_01
https://www.nxtbook.com/sosland/wg/2015_10_01
http://digital.world-grain.com/sosland/wg/2015_09_01
http://digital.world-grain.com/sosland/wg/2015_08_01
http://digital.world-grain.com/sosland/wg/2015_07_01
http://digital.world-grain.com/sosland/wg/2015_06_01
http://digital.world-grain.com/sosland/wg/2015_05_01
https://www.nxtbook.com/sosland/wg/2015_04_01
https://www.nxtbook.com/sosland/wg/2015_03_01
https://www.nxtbook.com/sosland/wg/2015_02_01
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https://www.nxtbook.com/sosland/wg/2014_11_01
https://www.nxtbook.com/sosland/wg/2014_10_01
https://www.nxtbook.com/sosland/wg/2014_09_01
https://www.nxtbook.com/sosland/wg/2014_08_01
https://www.nxtbook.com/sosland/wg/2014_07_01
https://www.nxtbook.com/sosland/wg/2014_06_01
https://www.nxtbook.com/sosland/wg/2014_05_01
https://www.nxtbook.com/sosland/wg/2014_04_01
https://www.nxtbook.com/sosland/wg/2014_03_01
https://www.nxtbook.com/sosland/wg/2014_02_01
https://www.nxtbook.com/sosland/wg/2014_01_01
https://www.nxtbook.com/sosland/wg/2013_12_01
https://www.nxtbook.com/sosland/wg/2013_11_01
https://www.nxtbook.com/sosland/wg/2013_10_01
https://www.nxtbook.com/sosland/wg/2013_09_01
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