Analysts and traders have increasingly bet that agricultural prices will continue to rise as droughts in South America have hurt farmers’ yields on corn, soybean and sugar crops. Bloomberg reports that the drought conditions are fueling the prices of many commodities.
Speculators are also contributing to the uptick in food prices, as such investors increasingly bet prices will continue their ascent. Bloomberg reports that hedge funds and other speculators have been the most bullish on commodities since September. Food companies have already had to contend with mounting commodity prices over the past few years, with firms employing business cost reduction campaigns and overhauling supply chain management in an effort to offset surging costs.
Michael is an accomplished leader with deep expertise in the healthcare sector. As the CEO of Prime Source, he has driven innovation and strategic growth in healthcare procurement and management. His extensive knowledge of the industry has made him a sought-after speaker, regularly lecturing at trade groups, seminars, and to industry executives on the most pressing healthcare trends and challenges. Michael is passionate about exploring the intersection of business and healthcare, providing thought leadership that shapes the future of the field.