Forwarded from Doomsday shortages
TRUMP'S 107% TARRIFF ON PASTA - A Day's Wages for a Loaf?
They keep pushing global trade wars, and we're the ones paying at the checkout.
Trump admin considering up to 107% tariffs on Italian pasta (92% new antidumping duty + existing 15% on EU goods). Brands like Barilla, Garofalo, Rummo could vanish from US shelves or skyrocket in price as early as January—another staple hit...
Food prices are forecasted to rise ~3% next year, marking a 30% increase since 2019.
https://finance.yahoo.com/news/trump-plan-impose-107-tariffs-211500035.html
#FoodWars
They keep pushing global trade wars, and we're the ones paying at the checkout.
Trump admin considering up to 107% tariffs on Italian pasta (92% new antidumping duty + existing 15% on EU goods). Brands like Barilla, Garofalo, Rummo could vanish from US shelves or skyrocket in price as early as January—another staple hit...
Food prices are forecasted to rise ~3% next year, marking a 30% increase since 2019.
https://finance.yahoo.com/news/trump-plan-impose-107-tariffs-211500035.html
#FoodWars
Yahoo Finance
Trump’s plan to impose 107% tariffs spooks Italian pasta makers. Will staple brands soon disappear from US shelves?
As during the pandemic, consumers could once again face supply chain scarcity.
😢2
Forwarded from Doomsday shortages
Global Food Security at Risk as Ukrainian Grain Exports Drop 22% YoY
Due to Russia's blockade in the Black Sea, Ukrainian wheat/barley/maize exports are down 22% Year-over-Year.
Ukrainian attacks on Russian vessels in the Sea of Azov (a key route for ~25% of Russian grain exports) have caused them to throttle exports there, prompting wheat prices to jump 7% on the news.
Notably, production itself is still solid — the problem is getting the grains out, and that's not happening reliably right now.
As mentioned above, the best hedge against war-related food supply chain disruptions ... is still right there in your backyard garden. #GoGrow !
#FoodWars
source: https://www.world-grain.com/articles/23077-regional-review-war-taking-toll-on-black-sea-grain-shipments
Due to Russia's blockade in the Black Sea, Ukrainian wheat/barley/maize exports are down 22% Year-over-Year.
Ukrainian attacks on Russian vessels in the Sea of Azov (a key route for ~25% of Russian grain exports) have caused them to throttle exports there, prompting wheat prices to jump 7% on the news.
Notably, production itself is still solid — the problem is getting the grains out, and that's not happening reliably right now.
As mentioned above, the best hedge against war-related food supply chain disruptions ... is still right there in your backyard garden. #GoGrow !
#FoodWars
source: https://www.world-grain.com/articles/23077-regional-review-war-taking-toll-on-black-sea-grain-shipments
World-Grain
Regional review: War taking toll on Black Sea grain shipments
Russian, Ukraine conflict wreaking havoc on grain trade