Goldman Sounds Food-Crisis Alarm: Hormuz, Black Sea, El Nino Risks Collide Into Perfect Storm

Readers know by now that a perfect storm is building across global food supply chains as disruptions at the Hormuz chokepoint, turmoil in Black Sea shipping, and intensifying El Niño risks converge. 

The Bloomberg Agriculture Spot Index (BCOMAGSP) posted its largest monthly gain in August. The last time BCOMAGSP spiked this much in any given month was during the Arab Spring unrest.