WSJ / western media now reporting exactly what I’d said yesterday - this is a shutdown of the shipping arteries that carry global food and fertilizer supplies.

Now western media can blame Putin for food shortages. Sure, it’s not the Grand Solar Minimum, or insane C19 policies, etc..

This doesn't need to become nuclear -- it is enough to be a cover story for why there is no food.

___

Russia’s invasion of Ukraine throttled exports from one of the world’s largest grain suppliers after the country’s ports went quiet and traders halted operations. 

At stake is the 13% of global corn exports and the 12% of wheat that flow from Ukraine. In threatening those flows Moscow risks disrupting supplies to China while setting off a scramble among customers in fragile Middle Eastern economies at a time when food inflation is already high. 

An ocean vessel chartered by one of the world’s largest food suppliers, Cargill Inc., was hit by a projectile off the coast of Ukraine in the Black Sea on Thursday. Minnesota-based Cargill, which operates an export terminal in Ukraine, said the ship is seaworthy and no one was injured.

… If the situation on the ground escalates to a position where farmers can’t apply pesticides or fertilizers to their wheat, which will start in March, that could reduce the yield by up to a third, presuming they can harvest in July, Mr. Lee said.

#Ukraine #Wheat #Corn #Shipping #SupplyChain

https://www.wsj.com/articles/russias-ukraine-invasion-chokes-food-exports-from-global-breadbasket-11645798059

EVACUATE THE GRAIN:

Nearly 25 million tonnes of grain stuck in Ukraine, says UN food agency

Nearly 25 million tonnes of grains are stuck in Ukraine and unable to leave the country due to infrastructure challenges and blocked Black Sea ports including Mariupol, a U.N. food agency official said on Friday.

“It’s an almost grotesque situation we see at the moment in Ukraine with nearly 25 mln tonnes of grain that could be exported but that cannot leave the country simply because of lack of infrastructure, the blockade of the ports,” Josef Schmidhuber, FAO Deputy Director, Markets and Trade Division told a Geneva press briefing via Zoom.

Schmidhuber said the full silos could result in storage shortages during the next harvest in July and August.

Head of the WTO announced, “It would really help the world if we could evacuate this grain (from Ukraine),” — Earlier this week, the head of the World Trade Organization told Reuters she was “seriously worried” about spiraling food prices and seeking solutions alongside other partners.

#SupplyChain #shipping #wheat #ukraine

https://www.reuters.com/article/us-ukraine-crisis-un-grains/nearly-25-million-tonnes-of-grain-stuck-in-ukraine-says-un-food-agency-idUSKCN2MS0PX

UK confirms it will not insure ships carrying Russian oil (90% of insurers now)

The UK has gone completely mad, as the treasury has confirmed it will not allow any British insurers to cover ships carrying Russian oil from December 5.

By December 5, tanker owners that fly any European Union flag or carry P&I insurance from an EU or UK club can no longer have crude oil onboard that originated in Russia, unless Russia has sold the crude to the buyer at or under a price cap pushed for by G7 members. The US is expected to join the insurance ban shortly meaning more than 90% of the world’s insurers will shun Russian-linked crude tanker business from next month.

[IAF: remember the #AbsoluteZero plan was to eliminate shipping by 2030]

“We continue to stand by Ukraine in the face of Putin’s barbaric and illegal invasion,” UK finance minister Jeremy Hunt said

#shipping

https://splash247.com/uk-confirms-it-will-not-insure-ships-carrying-russian-oil/