The world is headed for “food wars” as geopolitical tensions and climate change push countries into conflict over waning supplies, said one of the world’s largest agricultural commodity traders.
“We have fought many wars over oil. We will fight bigger wars over food and water,” said Sunny Verghese, chief executive of Olam Agri, a Singapore-based agricultural trading house.
Speaking at the Redburn Atlantic and Rothschild consumer conference last week, Verghese warned that trade barriers imposed by governments seeking to shore up domestic food stocks had exacerbated food inflation.
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