The executive director of the UN’s World Food Program is saying that we are now facing “a catastrophe on top of a catastrophe.” Unfortunately, he is not exaggerating. The global price of food was skyrocketing even before the war on the other side of the globe erupted, and now many of the countries that are extremely dependent on agricultural exports from Ukraine and Russia are going to have to turn elsewhere for answers. Meanwhile, severe drought is threatening production in the other major “breadbasket” of the world. We are being warned that the winter wheat harvest in the U.S. could be “disastrous” this year, and that is very unwelcome news. Because if some sort of a miracle does not happen, we will soon see hunger and famine on a scale that once would have been unimaginable to many people.
We really are facing a “perfect storm” as far as global food production is concerned. The following comes from a recent New York Times article…
Ukrainian farms are about to miss critical planting and harvesting seasons. European fertilizer plants are significantly cutting production because of high energy prices. Farmers from Brazil to Texas are cutting back on fertilizer, threatening the size of the next harvests.
China, facing its worst wheat crop in decades after severe flooding, is planning to buy much more of the world’s dwindling supply. And India, which ordinarily exports a small amount of wheat, has already seen foreign demand more than triple compared with last year.
The new global energy crisis just keeps pushing fertilizer prices higher and higher.
This is something that I have been warning about for months, and now the mainstream media is finally acknowledging that we have a truly historic challenge on our hands.
In fact, they are not openly admitting that fertilizer prices have “more than doubled or tripled in price over the past year”…
In another ominous signal to fertilizer customers, earlier this month European fertilizer producers said they were slowing or halting production because of soaring energy prices. Many fertilizers are made with natural gas.
The world’s major fertilizers have now more than doubled or tripled in price over the past year.
Actually, in some cases fertilizer prices have actually quadrupled.
How are the poorer parts of the world supposed to deal with that?
It is easy to tell them to use less fertilizer, but using less fertilizer will mean less food is grown.