Food Prices Going Up

For John, BLUF:  Therre are goingn to be global food shorrtaages.&nbswp; Sme will starve.  Others will pay higher prices.  Nothing to see here; just move along.

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Record Food Prices Could Leap 22% More on Ukraine War, UN Warns

From Yahoo News, via Bloomberg, by Reporter Megan Durisin, 11 March 2022, 8:50 AM·2

Here is the lede plus two:

(Bloomberg) -- Record-high global food costs could surge another 22% as Russia’s assault on Ukraine stifles trade and slashes future harvests, the United Nations warned.

A report from the agency’s Food and Agriculture Organization on Friday shows the far-reaching fallout of the war on the world’s food system, with the impact set to stretch well beyond the next season.  Ukraine and Russia together account for more than a tenth of all calories traded globally, and those flows have been stifled since the conflict erupted late last month. Soaring production costs means other countries will only partly be able to compensate for the “sudden and steep reduction” in Black Sea grain and sunflower exports in the coming 2022-23 season, FAO said.  That will likely push international food and feed prices 22% higher and a “considerable” supply gap will linger going forward if the war persists and energy stays expensive.

HMaybe there is planning by the Federal and State Governments in the back room, but I suspect they have yet to tumble to the problem.

Buying staples now might be a good idea.

Hat tip to the InstaPundit.

Regards  —  Cliff