Civilization is only nine meals away from anarchy. This famous line hits home in the current play as Russia’s invasion of Ukraine set open a can of worms for agriculture producers and consumers worldwide. Supply disruptions are coming at a crucial time when the world is in the midst of months-long high energy and input cost environment, which are playing into the inflationary pressures and forcing governments to take policy actions such as export curbs. Coinciding with this, prolonged unfavorable weather conditions at major grains and oilseed countries have worsened the production outlook and added pressure to the already-strained supply pipeline. Also, increasing freight costs and vessel logjams at key global ports are not helping. These multiple factors indicate prices of top global staple foods such as wheat, rice and corn are expected to remain at elevated levels, eventually making it more expensive to put food on the table. […]