Categories: News

More countries are hoarding food amid Covid-19 concerns

The panic-buying trend has resurfaced, albeit on a much larger scale. Jordan has stockpiled 17 months’ worth of wheat. Egyptian imports are up 50 percent since April. Morocco has slashed taxes on imported wheat. Bloomberg reports that countries around the world are racing to shore up their food stocks amid mounting concerns over potential supply-chain disruptions due to a resurgence of Covid-19. An analyst at Archer Daniels Midland’s global trade desk, which reported its best second quarter on record this year, chalked it up to a fundamental change in the way countries manage crises: Whereas the “just-in-time” philosophy reigned a year ago, many policymakers have since adopted a “just-in-case” mindset. Second (third? fourth?) wave, here we come.

Related Post
The Counter
Share
Published by
The Counter

Recent Posts

Grist acquires The Counter and launches food and agriculture vertical

Grist, an award-winning, nonprofit media organization dedicated to highlighting climate solutions and uncovering environmental injustices,…

6 months ago

Is California giving its methane digesters too much credit?

Every year, California dairy farms emit hundreds of thousands of tons of the potent greenhouse…

2 years ago

Your car is killing coho salmon

Highway 7 runs north-south through western Washington, carving its way through a landscape sparsely dotted…

2 years ago

The pandemic has transformed America’s dining landscape into an oligopoly dominated by chains 

One of the greatest pleasures I had as a child growing up in the Chicago…

2 years ago

California is moving toward food assistance for all populations—including undocumented immigrants

Undocumented immigrants experience food insecurity at much higher rates than other populations, yet they are…

2 years ago

Babka, borscht … and pumpkin spice? Two writers talk about Jewish identity through contemporary cookbooks.

Writer Charlotte Druckman and editor Rebecca Flint Marx are both Jewish journalists living in New…

2 years ago