by Summary:
Another factor that is going to drive up the cost of food is soaring energy prices.By the end of 2022, we are going to witness very serious shortages of food in many parts of the globe. In fact, World Bank President David Malpass is openly admitting that we are now facing “a huge supply shock” as a result of the war in Ukraine. Of course we were already moving into a global food crisis even before the war erupted. According to the UN, worldwide food prices in February 2022 were 20.7 percent higher than they were in February 2021, fertilizer prices have gone absolutely nuts, crop production is down all over the planet due to crazy weather patterns, and supply chain problems caused by the pandemic continue to create ongoing headaches. But now World War 3 has erupted, and that is going
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Another factor that is going to drive up the cost of food is soaring energy prices.By the end of 2022, we are going to witness very serious shortages of food in many parts of the globe. In fact, World Bank President David Malpass is openly admitting that we are now facing “a huge supply shock” as a result of the war in Ukraine. Of course we were already moving into a global food crisis even before the war erupted. According to the UN, worldwide food prices in February 2022 were 20.7 percent higher than they were in February 2021, fertilizer prices have gone absolutely nuts, crop production is down all over the planet due to crazy weather patterns, and supply chain problems caused by the pandemic continue to create ongoing headaches. But now World War 3 has erupted, and that is going
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Another factor that is going to drive up the cost of food is soaring energy prices.By the end of 2022, we are going to witness very serious shortages of food in many parts of the globe. In fact, World Bank President David Malpass is openly admitting that we are now facing “a huge supply shock” as a result of the war in Ukraine. Of course we were already moving into a global food crisis even before the war erupted. According to the UN, worldwide food prices in February 2022 were 20.7 percent higher than they were in February 2021, fertilizer prices have gone absolutely nuts, crop production is down all over the planet due to crazy weather patterns, and supply chain problems caused by the pandemic continue to create ongoing headaches. But now World War 3 has erupted, and that is going to push this rapidly growing global food crisis to a level that none of us have ever seen before....
Bull run in commodities building as supply falls? The investment world is trying to figure out to play it.Another factor that is going to drive up the cost of food is soaring energy prices....
Investment Watch
The Biggest Global Food Crisis That Any Of Us Have Ever Seen
Michael Snyder