Biden’s Latest Decision Will Result In More Increased Prices
May 9, 2022 14:12:29 GMT -5
Post by schwartzie on May 9, 2022 14:12:29 GMT -5
Biden’s Decision to Give Millions to Help Feed People Overseas Will Result in Increased Prices at Home
By Joe Hoft
Published May 9, 2022 at 7:00am
Biden purchase millions of tons of grain for people in other countries in response to expected food shortages. However, his actions will drive up the cost of food further in the United States as a result.
Russia claimed that Black Sea ports were mined by Ukraine and the mines are now floating out into the Black Sea.
Russia’s main intelligence agency said several hundred mines had drifted into the Black Sea after breaking off from cables near Ukrainian ports, a claim dismissed by Ukraine which said it was disinformation and an attempt to close off parts of the sea.
The Black Sea is a major shipping artery for grain, oil and oil products. Novorossiisk Port Authority, in a note seen by Reuters, said that shipping was at risk in the western Black Sea.
Regardless of who planted the mines, the problem is that millions of tons of grain from Ukraine is not making it out of the country. The United Nations is calling for the ports to be opened in Ukraine to get the grain out.
Continued at link
By Joe Hoft
Published May 9, 2022 at 7:00am
Biden purchase millions of tons of grain for people in other countries in response to expected food shortages. However, his actions will drive up the cost of food further in the United States as a result.
Russia claimed that Black Sea ports were mined by Ukraine and the mines are now floating out into the Black Sea.
Russia’s main intelligence agency said several hundred mines had drifted into the Black Sea after breaking off from cables near Ukrainian ports, a claim dismissed by Ukraine which said it was disinformation and an attempt to close off parts of the sea.
The Black Sea is a major shipping artery for grain, oil and oil products. Novorossiisk Port Authority, in a note seen by Reuters, said that shipping was at risk in the western Black Sea.
Regardless of who planted the mines, the problem is that millions of tons of grain from Ukraine is not making it out of the country. The United Nations is calling for the ports to be opened in Ukraine to get the grain out.
Continued at link
