{"id":474804,"date":"2022-07-16T23:21:00","date_gmt":"2022-07-16T20:21:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/key-words-the-one-thing-i-worry-about-that-we-dont-talk-enough-about-is-food-blackrocks-larry-fink-says\/"},"modified":"2022-07-16T23:21:00","modified_gmt":"2022-07-16T20:21:00","slug":"key-words-the-one-thing-i-worry-about-that-we-dont-talk-enough-about-is-food-blackrocks-larry-fink-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/key-words-the-one-thing-i-worry-about-that-we-dont-talk-enough-about-is-food-blackrocks-larry-fink-says\/","title":{"rendered":"#Key Words: \u2018The one thing I worry about that we don\u2019t talk enough about is food,\u2019 BlackRock\u2019s Larry Fink says"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23e9cef008c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23e9cef008c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/key-words-the-one-thing-i-worry-about-that-we-dont-talk-enough-about-is-food-blackrocks-larry-fink-says\/#%E2%80%9CKey_Words_%E2%80%98The_one_thing_I_worry_about_that_we_dont_talk_enough_about_is_food_BlackRocks_Larry_Fink_says%E2%80%9D\" >&#8220;Key Words: \u2018The one thing I worry about that we don\u2019t talk enough about is food,\u2019 BlackRock\u2019s Larry Fink says&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/key-words-the-one-thing-i-worry-about-that-we-dont-talk-enough-about-is-food-blackrocks-larry-fink-says\/#Fink_%E2%80%98We_talk_a_lot_about_gasoline_prices_because_thats_what_affects_Americans_but_the_bigger_issue_is_food\" >Fink: \u2018We talk a lot about gasoline prices because that\u2019s what affects Americans but the bigger issue is food\u2019<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/key-words-the-one-thing-i-worry-about-that-we-dont-talk-enough-about-is-food-blackrocks-larry-fink-says\/#Clive_McKeef\" >Clive McKeef<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CKey_Words_%E2%80%98The_one_thing_I_worry_about_that_we_dont_talk_enough_about_is_food_BlackRocks_Larry_Fink_says%E2%80%9D\"><\/span>&#8220;Key Words: \u2018The one thing I worry about that we don\u2019t talk enough about is food,\u2019 BlackRock\u2019s Larry Fink says&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Fink_%E2%80%98We_talk_a_lot_about_gasoline_prices_because_thats_what_affects_Americans_but_the_bigger_issue_is_food\"><\/span>\n  Fink: \u2018We talk a lot about gasoline prices because that\u2019s what affects Americans but the bigger issue is food\u2019<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001032091\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001032091\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetPullQuote\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetPullQuote\n            article__inset--inline\n  \"><\/p>\n<div class=\"wsj-article-pullquote article__inset__pullquote \">\n<p class=\"pullquote-content article__inset__pullquote__quote\">\n        <span class=\"l-qt article__inset__pullquote__mark--left\">\u201c<\/span>\u2018The one thing I worry about that we don\u2019t talk enough about is food.\u2019<span class=\"r-qt article__inset__pullquote__mark--right\">\u201d<\/span>\n      <\/p>\n<p>        <small><br \/>\n          <span class=\"inset-author article__inset__pullquote__author\">\u2014 Larry Fink, CEO of BlackRock<\/span><br \/>\n        <\/small><\/p><\/div>\n<\/p><\/div>\n<p>       The sharp spikes in oil and metals prices after Russia\u2019s invasion of Ukraine have distracted investors from the long-lasting and more dangerous impact of food inflation, BlackRock<br \/>\n        BLK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207946232\/composite\" class=\"positive\">+1.99%<\/bg-quote><br \/>\n       founder Larry Fink warned Saturday.<\/p>\n<p> \u201cThe one thing I worry about that we don\u2019t talk enough about is food,\u201d he told the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7dd4c4cc-bb2d-4725-a1de-f95c394bad93\" class=\"icon none\">Financial Times in an interview<\/a>. \u201cThis isn\u2019t just an inflation concern. There are also geopolitical concerns that result from this.\u201d <\/p>\n<div class=\"paywall\">\n       The prices of oil, gasoline, fertilizer and agricultural products shot up earlier this year when Western nations imposed sanctions on Russia after its invasion of Ukraine. <\/p>\n<p>Wheat and sunflower oil costs were also hit hard because Ukraine is a major exporter. Oil prices have begun to drop back this week to pre-invasion levels as traders brace for a sharp drop-off in demand, but food price inflation remains high. <\/p>\n<p><strong>See:<\/strong> How to save up to 50% on your grocery bill and reduce food waste<\/p>\n<p>U.S. consumer price index figures for June show that the price of chicken and flour are each up close to 20% from a year earlier and margarine has jumped 34%.<\/p>\n<p>\u201cWe talk a lot about gasoline prices because that\u2019s what affects Americans, but the bigger issue is food,\u201d Fink said. <\/p>\n<p><strong>See:<\/strong> Avoid these food items the next time you go shopping if you want to drastically cut your grocery bill<\/p>\n<p>\u201cThere has been tremendous destruction of arable\u00a0land in Ukraine. \u2026 Globally the cost of fertiliser is up almost 100 per cent and that additional cost is reducing the amount of fertiliser used in farming. That is harming the quality of the crop worldwide,\u201d he said. <\/p>\n<p>Although lower crude-oil prices have started to feed through to the price at the pump for motorists, consumer-goods companies are continuing to see high input costs. Any drop in fertilizer prices is likely to come too late to boost this year\u2019s food harvests. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>The World Bank forecast after the invasion that global food prices would rise 20% this year, far outpacing raw materials.<\/p>\n<p>The impact is particularly grim in Africa, which usually imports grain from Ukraine as well as producing its own food. Fertilizer prices there have risen 300%, and the continent is facing a shortage of 2 million metric tons, according to the African Development Bank. <\/p>\n<p>Janet Yellen, the U.S. Treasury secretary, said on Friday that the world was facing \u201can extremely difficult time for global food security\u201d and urged the G-20 leading nations to halt stockpiling and export restrictions on food and provide additional financial assistance to countries and people struggling with food insecurity. <\/p>\n<p><strong>See:<\/strong> G20 finance ministers work on tackling inflation and food shortages<\/p>\n<p>Bill Gates, the philanthropist and\u00a0Microsoft co-founder, flagged similar concerns this week, saying that the reduction in supplies of wheat, edible oils and other foods caused by the war in Ukraine was \u201cdriving up food prices, which will increase malnutrition and instability in low-income countries.\u201d <\/p>\n<p>He <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.gzeromedia.com\/events\/past-events\/global-food-crisis-when-food-isnt-merely-expensive\" class=\"icon none\">noted in a blog post<\/a> that improving agricultural productivity in Africa required \u201cfar more investment.\u201d<\/p>\n<p><strong>Read on:<\/strong> Retirees, here\u2019s how you can save money on medicine and groceries<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Clive McKeef\",\"subhead\":\"The Wall Street Journal\",\"list\":[,{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/CliveMcKeef\",\"text\":\"@CliveMcKeef\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"mailto:clive.mckeef@marketwatch.com\",\"text\":\"clive.mckeef@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Clive_McKeef\"><\/span>Clive McKeef<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-7FBF-9BD0528C4206%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Key Words: \u2018The one thing I worry about that we don\u2019t talk enough about is food,\u2019 BlackRock\u2019s Larry Fink says&#8221; Fink: \u2018We talk a lot about gasoline prices because that\u2019s what affects Americans but the bigger issue is food\u2019 \u201c\u2018The one thing I worry about that we don\u2019t talk enough about is food.\u2019\u201d \u2014 Larry&#8230;<\/p>\n","protected":false},"author":1,"featured_media":474805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-512529\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-474804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=474804"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/474805"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=474804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=474804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=474804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}