A farmer joins Tucker Carlson to give a warning about how sanctions against Russia might impact grocery bills. pic.twitter.com/GaLODB1Nrp
— The Post Millennial (@TPostMillennial) March 3, 2022
Financial Post: Russia Jolts Global Fertilizer Market by Seeking End to Exports
(Bloomberg) — Russia’s efforts to halt fertilizer exports by domestic producers threatens to shock the global market and push prices of crop nutrients to new records, exacerbating food inflation around the world.
The Ministry of Industry and Trade urged Russian fertilizer producers cut volumes to farmers due to delivery issues with foreign logistics companies, according to a Friday statement.
The country, which has been facing increasing international sanctions since invading Ukraine last week, is a major low-cost exporter of every type of crop nutrient.
“Losing Russia and their large export volumes would be a severe supply-side shock to the market,” Alexis Maxwell, an analyst for Bloomberg’s Green Markets, said in an email.
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Update: Food Crisis Imminent: Hungary Bans All Grain Exports Effective Immediately (Zero Hedge)
WNU Editor: The above video is a sobering look at what to expect at the local grocery story in the coming months. And while I do not expect a $1000 a month increase in grocery bills, I do expect massive increases.
We are facing an energy crisis. Commodity prices have passed and/or are at the highest prices that they have ever been. But the real scary crisis will be in food. If the Russia-Ukraine war continues, I will not be surprised if we see food riots later this year.
When the pandemic first started I was asked what would be the best investment. I always said food. I am still saying the same thing. Invest in food for yourself, and look at the companies that provide the ingredients that make massive food production and distribution possible.