MICHAEL SNYDER/
By the end of 2022, we are going to witness very serious shortages of food in many parts of the globe. In fact, World Bank President David Malpass is openly admitting that we are now facing "a huge supply shock" as a result of the war in Ukraine.
Of course we were already moving into a global food crisis even before the war erupted.
According to the UN, worldwide food prices in February 2022 were 20.7 percent higher than they were in February 2021, fertilizer prices have gone absolutely nuts, crop production is down all over the planet due to crazy weather patterns, and supply chain problems caused by the pandemic continue to create ongoing headaches.
But now that Russia has invaded Ukraine, that is going to push this rapidly growing global food crisis to a level that none of us have ever seen before.
Under normal conditions, Ukraine exports tremendous amounts of food and is considered to be one of the most important "breadbaskets" on the entire planet.
Unfortunately, everything has changed now, and this has pushed the global price of wheat up 55 percent since a week before the invasion happened...
Ukrainian farmers have been forced to neglect their fields as millions flee, fight or try to stay alive. Ports are shut down that send wheat and other food staples worldwide to be made into bread, noodles and animal feed. And there are worries Russia, another agricultural powerhouse, could have its grain exports upended by Western sanctions.
While there have not yet been global disruptions to wheat supplies, prices have surged 55% since a week before the invasion amid concerns about what could happen next. If the war is prolonged, countries that rely on affordable wheat exports from Ukraine could face shortages starting in July, International Grains Council director Arnaud Petit told The Associated Press.
I really don't like that "shortages starting in July" part.
That definitely sounds rather ominous.
Right now, the global price of food is the highest that it has ever been, and Russia and Ukraine normally account for "nearly a third of the world's wheat and barley exports".
Now that exports from Russia will be greatly reduced and exports from Ukraine will be virtually non-existent, some countries will almost immediately be facing extreme stress.
1 comment:
Wow, what doomsday restrictiveness! USA American Citizen's can and will demand the ties associated with outside influences be severed, in my opinion. Revolution will happen in response to just scenario's as Article concludes IMO!
All is true in the making, yet surmise a crisis in the making by those that want this to play out will be out; You don't always get what you want, the masses should and will rebel by doing whatever needs done to supply within USA what we always known we are capable of doing, releasing gas production, growing crops, and side-stepping oppressive Tyrannical objections to the contrary IMO! Stupidity from those claiming in power which no one respects nor believes is Constitutionally legal won't be tolerated to the point where the citizen's just twiddle their thumbs; Unfortunately it takes fake liar's creating this saga to get many off their duffs IMO! We shall find out which way the wind does blow!
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