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(Indianapolis, In.) – People cannot survive on bread alone, but you cannot deny that it is a vital part of the diet of millions of people around the world who are not trying to get rid of gluten. Look carefully at the following chart:
Let me help you with the math – Russia and Ukraine together account for 33% of all wheat exports among the top ten exporters. Russia exports more than the United States. Let that sink for a moment. Russia’s invasion of Ukraine is likely to completely disrupt Ukraine’s ability to plant and harvest wheat in 2022. And theoretically Russia would be hindered from being able to accept US dollars for its wheat exports. On March 9, President Putin signed an order banning the export of certain products and raw materials:
According to an Interfax news agency translation published on Tuesday, the order includes “bans or bans on exports outside the territory of the Russian Federation and (or) products of the Russian Federation and (or) imports into the territory of the Russian Federation.”
Although the order does not specifically mention wheat, those who have bought wheat from Russia in the past will have to seriously consider whether they will be able to buy Russian grain this year. There are two potentially dire situations. First, Ukraine will not be able to plant its crops because of the war. No crops, no exports. Second, Russia will keep all its wheat at home to ensure that its citizens eat adequately. This means that parts of the world that relied on Russia as grocer would have to find an alternative supply and pay a fairly high price if they could find another country capable of meeting demand.
But it is only the beginning of an agricultural catastrophe for the anti-Russian world. One word – potash. Potash is a key ingredient in fertilizer production.
Potash component fills the potassium deficiency in the soil. As a natural mineral, potash is an important nutrient that enhances water retention, disease resistance and productivity of common crops.
So take a closer look at the following chart:
RankCountryPotash production (tons, million)
Russia and Belarus account for 37% of the world’s top ten potash producers. Belarus has been approved and its potash supply will not be available in the world. Russia is now facing a major shortage of fertilizer for world crops as it joins the mix. Fertilizer prices have already doubled compared to a year ago. This means that farmers in the Midwest who are planning to plant maize and soybeans will pay twice as much for fertilizer. And that’s not all. The price of diesel fuel – that is, the juice that drives tractors, planters and harvesters – has also doubled.
In the case of oil, wheat and potash, Russia holds some powerful trump cards that could be used to hit the West and its former allies. I suggest that Americans be blinded by their hatred of Russia based on a false narrative recklessly run by a decent media, to remove their blindness and take seriously the implications of a fast-paced future where the main Russian and Ukrainian exports cannot be found. There is a guarantee for the world – widespread, high inflation.
The post Is there a global famine on the horizon? Gateway Pandit first appeared.
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