Food Production Substantially Lower Than Anticipated
Apr 24, 2022 3:17:17 GMT -5
Post by Midnight on Apr 24, 2022 3:17:17 GMT -5
FOOD PRODUCTION IS GOING TO BE SUBSTANTIALLY LOWER THAN ANTICIPATED ALL OVER THE GLOBE IN 2022
Published: April 21, 2022
SOURCE: THE ECONOMIC COLLAPSE
I don’t think that people realize how severe this crisis will eventually become. Never before in modern history have we seen global food production being hit by so many major problems all at once. It truly is a “perfect storm”, and hundreds of millions of people are going to deeply suffer as a result. I would very much encourage you to share this article with as many people as you can, because everyone needs this information. As I discussed yesterday, things may be somewhat bad right now, but conditions will eventually get much worse as the months roll along.
I am going to share a lot of statistics in this article, and each number is important.
But ultimately it is the collective impact of all of these factors together that is really going to hammer us.
Let me start by talking about rice. According to Bloomberg, the global fertilizer crisis is going to result in a loss of production worldwide that is the equivalent of enough food to feed “500 million people”…
From India to Vietnam and the Philippines, prices of crop nutrients crucial to boosting food production have doubled or tripled in the past year alone. Lower fertilizer use may mean a smaller crop. The International Rice Research Institute predicts that yields could drop 10% in the next season, translating to a loss of 36 million tons of rice, or the equivalent of feeding 500 million people.
We don’t eat that much rice in the western world, but in Asia it is a core staple of their diets.
How will all of that food be replaced?
Well, they could eat more wheat, but there is going to be a lot less wheat produced in 2022 as well. In fact, one agricultural commodity expert is warning that the war in Ukraine alone could mean that “between 19 million and 34 million tons of export production could disappear this year”…
Globally, there are six breadbaskets that together supply roughly 60 to 70 percent of global agricultural commodities. The Ukraine–Russia region is responsible for roughly 30 percent of global exports of wheat and 65 percent of sunflower, in a context where those markets are increasingly tight and interconnected—so a slight disruption in supply creates some impact on price.
Of course, we don’t know what the length and scale of this conflict will be. We ran some scenarios, and from our perspective, between 19 million and 34 million tons of export production could disappear this year. If we fast-forward to 2023, the figure could be between ten million and 43 million tons. To translate, that represents caloric intake for 60 million to 150 million people.
I don’t know about you, but I regularly eat a lot of things that contain wheat, and so do hundreds of millions of others.
So this is going to be a huge issue.
And we are already seeing wheat prices go completely insane. From early March to early April, the price of wheat jumped almost 20 percent…
Continued at link
Published: April 21, 2022
SOURCE: THE ECONOMIC COLLAPSE
I don’t think that people realize how severe this crisis will eventually become. Never before in modern history have we seen global food production being hit by so many major problems all at once. It truly is a “perfect storm”, and hundreds of millions of people are going to deeply suffer as a result. I would very much encourage you to share this article with as many people as you can, because everyone needs this information. As I discussed yesterday, things may be somewhat bad right now, but conditions will eventually get much worse as the months roll along.
I am going to share a lot of statistics in this article, and each number is important.
But ultimately it is the collective impact of all of these factors together that is really going to hammer us.
Let me start by talking about rice. According to Bloomberg, the global fertilizer crisis is going to result in a loss of production worldwide that is the equivalent of enough food to feed “500 million people”…
From India to Vietnam and the Philippines, prices of crop nutrients crucial to boosting food production have doubled or tripled in the past year alone. Lower fertilizer use may mean a smaller crop. The International Rice Research Institute predicts that yields could drop 10% in the next season, translating to a loss of 36 million tons of rice, or the equivalent of feeding 500 million people.
We don’t eat that much rice in the western world, but in Asia it is a core staple of their diets.
How will all of that food be replaced?
Well, they could eat more wheat, but there is going to be a lot less wheat produced in 2022 as well. In fact, one agricultural commodity expert is warning that the war in Ukraine alone could mean that “between 19 million and 34 million tons of export production could disappear this year”…
Globally, there are six breadbaskets that together supply roughly 60 to 70 percent of global agricultural commodities. The Ukraine–Russia region is responsible for roughly 30 percent of global exports of wheat and 65 percent of sunflower, in a context where those markets are increasingly tight and interconnected—so a slight disruption in supply creates some impact on price.
Of course, we don’t know what the length and scale of this conflict will be. We ran some scenarios, and from our perspective, between 19 million and 34 million tons of export production could disappear this year. If we fast-forward to 2023, the figure could be between ten million and 43 million tons. To translate, that represents caloric intake for 60 million to 150 million people.
I don’t know about you, but I regularly eat a lot of things that contain wheat, and so do hundreds of millions of others.
So this is going to be a huge issue.
And we are already seeing wheat prices go completely insane. From early March to early April, the price of wheat jumped almost 20 percent…
Continued at link