Tuesday, June 28, 2022

Global Crop Problems Point To Years Of High Food Prices

John Lepp seeds wet spots in a field with canola by airplane, while daughter Cassandra Lepp plants the crop with a tractor, near Rivers. © Reuters/Stefanie Lepp  

Reuters: From war to wild weather, global crop problems point to years of high food prices 

(Reuters) - Eric Broten had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains limited him to just 3,500 in a state where a quarter or more of the planned corn could remain unsown this year. 

The difficulty planting corn, the single largest grain crop in the world, in the northern United States adds to a string of troubled crop harvests worldwide that point to multiple years of tight supplies and high food costs. 

Russia's invasion of Ukraine, a major agricultural exporter, sent prices of wheat, soy and corn to near records earlier this year. 

Poor weather has also reduced grain harvests in China, India, South America and parts of Europe. Fertilizer shortages meanwhile are cutting yields of many crops around the globe. 

Read more ....  

Update: ‘It is clear further inflation is still to come’: Higher food prices expected beyond 2023 (Food Navigator)  

WNU Editor: President Biden has been warning of global food shortages .... Biden warns of global food shortages as Russia-Ukraine war upends wheat supplies (NYPost), and the UN Secretary General has been voicing the same thing .... UN chief warns of ‘catastrophe’ from global food shortage (AP). We all have been warned on what to expect in the coming months and years.

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