MIDAS VERDICT:

Food prices were already soaring before the Ukraine war. Looking ahead, further increases seem inevitable. Cordiant Global Agricultural Income has been set up to help farmers increase supply, while keeping costs low. Over time, that should feed through to more stable prices in the shops. And in the shorter term, Cordiant offers investors access to the agricultural sector, generous dividends and the prospect of steady share growth. At $1, the shares are a buy.