China’s growing appetite for wheat and soybeans, a severe drought in Brazil,

growing demand for vegetable oil for biodiesel, and supply chain disruptions caused by the pandemic were cited last week by the Financial Times as reasons for rising food prices. “The drought in Brazil turned out to be worse than everyone expected,” FAO senior economist Abdolreza Abbassian tells the FT. “Therefore, it remains to pray that the weather in the United States is good.”