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Food Shortages/Rationing: Supply Shock of a Lifetime is Imminent

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First published at 04:36 UTC on March 6th, 2022.

#food
#shortages
#rationing

@BoogieFinger

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Russia-Ukraine war fuels ‘biggest supply shock to global grain markets’ in living memory
https://archive.ph/AByXH

“I am convinced it is going to be the biggest supply shock to global grain markets in my lifetime,” tweeted Scott Irwin, agricultural …

Russia-Ukraine war fuels ‘biggest supply shock to global grain markets’ in living memory
https://archive.ph/AByXH

“I am convinced it is going to be the biggest supply shock to global grain markets in my lifetime,” tweeted Scott Irwin, agricultural economist at the University of Illinois, on Wednesday.
“As just one data point. It has been reported that there are 600 million bushels of corn contracted for export that is currently trapped in Ukraine,” he said. “And what about 2022” production?
Russia and Ukraine combined account for 25% of global wheat exports and Ukraine alone for 13% of corn exports, according to analysts at RBC Capital Markets.

Soaring Fertilizer Prices Are About to Increase the Cost of Food
Russia is a major supplier of every crop nutrient, and higher supermarket bills will be a ripple effect of its invasion of Ukraine.
https://archive.ph/1Yfr6

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