Potential food crisis - Sept 14
Posted: Wed Sep 14, 2022 6:52 am
Europe's Natural Gas Shortage Could Trigger A Food Crisis
BY TYLER DURDEN
WEDNESDAY, SEP 14, 2022 - 04:00 AM
Energy crises impact nearly every aspect of our lives, and that is particularly true of food markets, with food production next year expected to be severely threatened.
About 70 percent of the cost of fertilizer production is solely the price of natural gas, and as the price of energy soars, the cost of making and moving food is increasing alongside it.
At the same time, Russia’s invasion of Ukraine and threats from Putin that Russia may alter grain export routes have only added to uncertainty in food markets.
Read more: https://www.zerohedge.com/energy/europe ... ood-crisis
BY TYLER DURDEN
WEDNESDAY, SEP 14, 2022 - 04:00 AM
Energy crises impact nearly every aspect of our lives, and that is particularly true of food markets, with food production next year expected to be severely threatened.
About 70 percent of the cost of fertilizer production is solely the price of natural gas, and as the price of energy soars, the cost of making and moving food is increasing alongside it.
At the same time, Russia’s invasion of Ukraine and threats from Putin that Russia may alter grain export routes have only added to uncertainty in food markets.
Read more: https://www.zerohedge.com/energy/europe ... ood-crisis