Global food crisis likely
Posted: Tue Mar 08, 2022 9:39 am
Worst quality wheat crop in Chinese history .... https://www.reuters.com/business/china- ... 022-03-05/?
Ukraine supplies a large percentage of the world's wheat and is currently being attacked by Russia, which is also a major wheat producer.
Wheat futures tell the story ... https://www.wsj.com/market-data/quotes/futures/W00
Rich people won't starve but the poor in the Middle East etc face hard times ahead. Hunger causes societal unrest.
Iraq is the third largest wheat producer in the Middle East but is suffering severe drought.
South America has had a decline on its soya crop because of drought in the south.
Ukraine supplies a large percentage of the world's wheat and is currently being attacked by Russia, which is also a major wheat producer.
Wheat futures tell the story ... https://www.wsj.com/market-data/quotes/futures/W00
Rich people won't starve but the poor in the Middle East etc face hard times ahead. Hunger causes societal unrest.
Iraq is the third largest wheat producer in the Middle East but is suffering severe drought.
South America has had a decline on its soya crop because of drought in the south.