# Panic buying, lockdowns may drive world food inflation - FAO, analysts

> Chicago wheat futures rose more than 6% in the week, their biggest weekly gain in nine months. Thai rice prices climbed to their highest since August 2013, with Thailand being the world's second largest rice exporter.

- Date: 2020-03-22 · published 2020-03-22T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8241-panic-buying-lockdowns-may-drive-world-food-inflation-fao-analysts
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Panic buying and lockdown disruptions are lifting global staple grain prices, which increases feed and food costs. The rally in wheat and rice signals broader upward pressure on grain markets.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-health-coronavirus-food-security-idUSKBN21808G/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.