Bloomberg Agri Index Posts Biggest Monthly Jump Since Arab Spring Riots As Food-Crisis Risks Mount

Bloomberg Agri Index Posts Biggest Monthly Jump Since Arab Spring Riots As Food-Crisis Risks Mount The Bloomberg Agriculture Spot Index (BCOMAGSP) posted its largest monthly gain since the chaotic days of the Arab Spring riots and is nearing a breakout above its 2023 highs, signaling a broad-based acceleration in agricultural commodity prices. The upside momentum comes as Wall Street increasingly warns that a perfect storm of factors, from El Niño and higher fertilizer and diesel prices to disruptions in the Black Sea and the Strait of Hormuz, could push the global food system toward another crisis. From veteran commodities strategist Jeff Currie turning bullish and UBS urging clients last week to "position for a commodity...

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