A systematic shock to global food could cause riots, food price hikes and disruption to stock markets. A new report aims to help prepare insurersThe globalisation of food trade over the past few decades has made the world food system better equipped to respond to small localised losses in food production and feed a growing global population. It has arguably also increased our exposure to systemic risks. A major crop failure in top exporting countries like the US, Ukraine, Australia or Brazil will now be felt in every country in the world. This could cause civil unrest in some countries or significantly affect our economic and financial systems. Related: Why food riots are likely to become the new normal | Nafeez Mosaddeq Ahmed Membership Event: Guardian Newsroom: Can Greece be saved? Related: Climate change 'already affecting food supply' – UN Related: Livestock insurance could protect cattle-herders in Africa from drought Continue reading...
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