Posted on 03/14/2022 10:10:45 AM PDT by blam
Just in case the coming global famine, which One River CIO Eric Peters likened to the original Holodomor (which incidentally took place in Ukraine under Stalin and killed 3-5 million), isn’t bad enough, moments ago Russia warned that it could be even worse.
According to Interfax, Russia’s Agriculture Ministry said that the country could ban wheat, rye, barley and corn exports from March 15 to June 30.
“The Agriculture Ministry, together with the Industry and Trade Ministry, has drafted a government resolution that provides for a temporary ban on the export of basic grain crops from Russia from March 15 to June 30 of the current year inclusive,” the ministry’s press office told Interfax.
The exact wording is to impose from March 15 to June 30, 2022 inclusive a temporary ban on the export of wheat and meslin, rye, barley and corn from the Russian Federation, it said.
While there is still hope that a worst case scenario can be averted, overnight we reported that according to Douglas Karr, founder of the businesses blog Martech Zone, a food shortage is well on its way to the US. Karr said he spoke with numerous folks in the food industry who said farmers in the South and Midwest are having trouble procuring fertilizer to grow crops ahead of planting season. He said farmers in the “Midwest are switching,” likely referring to crops that need fewer nutrients because they “can’t get nitrogen nor fertilizer.”
Convo with farm today: – Meat processors booked out a year because stockpiling beef. – Farmers in South can’t get fertilizer for crops now. – Farmers in Midwest are switching, can’t get nitrogen nor fertilizer. Buckle up, folks! The media isn’t even warning you. #economy
— Douglas Karr (@douglaskarr) March 11, 2022
Even before Russia invaded Ukraine, the global food system was strained. Snarled supply chains and adverse weather conditions in top growing regions of the world resulted in low crop yields and rising prices. The Ukraine supply shock will only amplify the crisis as the UN warned global food prices could jump 8%-20% from here (prices are already at record highs).
Needless to say, the implications should Russia – which suplies much of the emerging market with this core staple – ban wheat exports …
… are dire, and would lead to a far worse global food shortage – and crisis – than what was observed during the 2011 Arab Spring that unleashed a cascade of revolutions across the northern Africa and middle eastern regions.
“A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Well they now won’t have to pay for Ukrainian wheat and ammonia anymore.
Are those grains produced in Russia between mid-March and the end of June?
“Are those grains produced in Russia between mid-March and the end of June?”
Yes it shows how many people know zero about farming and ar taking this announcement seriously.
Well, it hurts in both directions.
Russia would lose the sales revenue from the banning to other countries. Less revenue equals less funding for their war machine.
Interesting. Thanks.
No big deal since most Americans are overweight.
Not if they need money as bad as I think they do.
Yes it shows how many people know zero about farming and ar taking this announcement seriously.
It also shows how many people know zero about how grain elevators function.
Unrelated, but ya can’t get ralston-purina corn pops (knockoff Corn Pops) at walmart anymore. Don’t know why.
Do these crops typically grow during the winter months? If not, where are they coming from?
Typically two crops a year, spring wheat and winter wheat.
FReeper Y0-Yo seems to imply, in post #11, that they come from grain elevators.
No kidding.
The mongols are becoming desperate.
THAT was my first thought. ..
The US can fill in the holes.
Can Biden just go ahead and apologize so we can get back to normal?
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