Forwarded from Doomsday shortages
US Wheat condition continues to decline — food prices will continue to rise. #GoGrow a garden!
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