Search
Close this search box.
Search
Close this search box.

Why have food commodity prices risen again?

Why have food commodity prices risen again?

One of the smartest macro minds we follow. Andreas Steno Larsen, Director, Lead Economist (Head of Research) at Heimstaden & Former Nordea Markets Chief Strategist of Global Coverage recently posted this on Linkedin:

“This is probably the most important chart in global macro right now. The move in food- and energy prices is 100% supply driven, while demand is actually weakening.”

Mr. Larsen wrote in his recent newsletter:

“The current supply squeeze is one of the worst seen ever. The disconnect between demand fundamentals and food- and energy prices is simply eye-catching.”

In addition, “The demand side ought to cool down materially just a consequence of the inflation seen in energy- and food prices, which are by the way two price categories that monetary policy cannot influence to any material extent.”

Back To News

Nordea Bank Chief Strategist Andreas Steno Larsen on Europe’s Economy

Why have food commodity prices risen again?