Posted on 03/05/2022 12:14:32 PM PST by blam
Ukraine is considered the “breadbasket of Europe,” and the Russian invasion is choking off grain exports, sending global food prices to record highs.
Grain prices surged to record highs last week as world food prices are now higher than they were during the 2011 Arab Spring, leaving us with an abundance of caution that political uprisings due to food price shocks could be right around the corner.
On Friday, the UN Food and Agriculture Organization (FAO) Food Price Index (FFPI), a measure of the monthly change in international prices of a basket of food commodities, reported record-high prices for February. Prices are, in fact, 3.1% higher than they were in February 2011 when anti-government protests, uprisings, and armed rebellions sprung up around the Arab world.
The risk of an uprising happening again is rising. Everyone’s favorite permabear, SocGen’s Albert Edwards, opined two years ago about future agricultural price shocks and how they could cause another Arab Spring.
We want to determine which countries are most vulnerable to food price shocks and shortages because of the Ukrainian crisis. Bloomberg data shows the most reliant countries on Ukraine wheat, including Egypt, Indonesia, Bangladesh, Pakistan, and Turkey.
While there are no indications that any of these countries are on the brink of social unrest, keep a close eye on them as food prices soar and spring in the northern hemisphere is two weeks away.
Yes, that too.
Most likely every thing they try will only magnify the
results. Why, it might even get so bad that THEY will
feel the effect!
Time to reopen the Potash mines outside of Carlsbad NM.
ThereâÂÂs no good reason why the world must depend on Russia for fertilizer.
Fertilizer is of two basic types: nitrogen and potassium
The nitrogen kind is generally manufactured directly from natural gas. Russia has lots of natgas so naturally it can produce lots of this kind of fertilizer.
The potassium fertilizer comes from a mined mineral called potash which is plentiful in Canada, USA, and Russia.
USA and Canada also, coincidentally, have lots of natgas reserves. North America can produce all the fertilizer necessary for Europe and the americas. Russia is not needed.
Does it really matter who actually obtains wheat actually grown from Ukrainian soil? IsnâÂÂt wheat a fungible commodity so that when one specific source of wheat is lost, it affects the price and availability of all wheat?
Eat beans bitches, wheat is not for muslins.
I think your observations are spot on.
And since we don’t know the timing of the return of Jesus, nor how bad things are going to get before He does come, it behooves people to prepare as much as possible.
Ukraine’s wheat mostly goes to 3rd world countries........but UN won’t mind at the slack, they’ll just do another food drive so the $$$$ fill their members coffers.
Chicken food has went from $9 for a 50 lb bag two weeks ago to $14.50 a bag yesterday.
This yr crop will be OK as most is winter wheat planted last fall. Don’t know what they plant in other countries. Corn crops will be down big time without fertilizer.
This is turn will effect meat prices.
Amen
things are going south real fast
but we know how The Book ends
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