Yeah, it's really quite scary what is coming. I think few people understand this.
The "food crisis" is two fold
- Ukraine and Russia stop exporting Wheat and Sunflower oil (Ukraine is big on the later) + Ukraine won't sow a crop this year (probably)
- Potash exports stop from both Ukraine and Russia
Double whammy, cost of production massively increases in
the West whilst supply side of major crops gets hamstrung.
Everyone will suffer but the middle east, Africa, SE Asia will be hit hardest just from a "trying to live" perspective.
Add in Oil prices rises and it becomes a perfect storm in a sense.
Sorry to be a downer, on the one hand I'm here for the gains, but its sobering knowing the cause....
