Soaring Food Prices; We have Not Seen Anything Yet! By Richard Miller (London)

Apart from its strategic value, the Ukraine supplies Europe with wheat, and the present war has cut off supplies. Already this has been felt here In London, an expensive city to live in at the best of times, but now food prices are soaring, especially for grain-based products. Prices are up at every supermarket visit. If this war continues for months, or drags out into another Afghanistan, Europe will need a new source for agricultural products, and hopefully will look towards Australia which should have been done in the 1960s instead of the Common Market nonsense. Apart from that, the war demonstrates the need for energy self-reliance, not to be dependent upon Russia. That will mean a fierce battle with the Greens and climate change fanatics, who are extremely powerful here in Europe.

https://www.zerohedge.com/commodities/breadbasket-world-choked-russian-invasion-wheat-prices-soar

“Ukraine has earned the nickname "breadbasket of Europe" for its rich dark soil, vast wheat fields, and other farm goods. The Russian invasion has cut off the world from cheap and abundant wheat supplies.

Ukraine and Russia are vital to the global food supply, accounting for more than a quarter of global wheat trade, about a fifth of corn, and 12% of all calories traded globally, according to Bloomberg. 

Reuters reports Ukrainian ports will remain closed until the Russian invasion ends and maritime security is restored for commercial ships. 

This means all shipments of farm goods from Ukraine have ceased, and commodity traders will have to search elsewhere. 

Activity at Ukrainian ports has been halted since Russia invaded its neighbor last week, and grains trade from Russia is also effectively on pause. Sanctions have been ratcheted up to further isolate commodity-rich Russia from global finance by sanctioning its central bank and cutting off various leaders from the critical SWIFT financial messaging system.

Restricting grain supplies from the Black Sea region threatens to further boost global food prices that are near a record high, at a time when supplies are already strained with adverse weather in many growing regions. - Bloomberg 

"If the conflict is prolonged -- three months, four months from now -- I feel the consequences could be really serious," Andree Defois, president of consultant Strategie Grains, told Bloomberg. "Wheat will need to be rationed."

Michael Magdovitz, a senior analyst at Rabobank, said Ukraine and Russia had increased harvests and exports in the last decade at a far lower cost than western farmers, which helped keep wheat prices low. However, that's not the case today as the Russian invasion sends wheat futures trading in Chicago to a six-year high. 

"I'm not going to put a lid on what might happen," Arlan Suderman, chief commodities economist at StoneX, told Bloomberg. "We could easily be looking at record prices."

Kyiv-based researcher UkrAgroConsult warned, "the chain of product creation, from cultivation to port shipments, is paralyzed." 

This brings us back to Goldman's Global Head of Commodities Research Jeffrey Currie, who told Bloomberg TV earlier this month that he's never seen commodity markets pricing in the shortages they are right now.

"I've been doing this 30 years and I've never seen markets like this," Currie told Bloomberg TV in an interview on Monday. "This is a molecule crisis. We're out of everything, I don't care if it's oil, gas, coal, copper, aluminum, you name it we're out of it."

As supplies tighen, the Bloomberg Agriculture Spot Index soars to new record highs. 

The disruption comes as global food prices are already nearing record-highs and could soon be catapulted into unknown territory.”

A more pessimistic take is given by Mike Adams who sees the present war crisis as leading to a collapse of the world food supply chain. This will be even more likely if China’s invasion of Taiwan leads to World War III, which once underway, might just not go according to New World Order plans. There still is randomness and “Black Swan” events in the universe.

https://www.naturalnews.com/2022-03-03-ukraine-breadbasket-europe-war-cut-off-exports.html

“A large percentage of the world’s wheat, corn and other grains is produced in Russia and Ukraine. And sources warn that because exports are now being cut off due to the war, food shortages are soon on the way.

Ukraine is widely known as the “breadbasket of Europe” due to its rich, dark and fertile soil. The country boasts vast wheat fields and other farm goods that are exported all across Europe and around the world.

According to Bloomberg, more than one-quarter of the world’s wheat trade comes out of Ukraine and Russia. The two countries, in other words, are absolutely vital to the global food supply.

About 20 percent of the world’s corn and 12 percent of all calories traded globally also come from Russia and Ukraine.

Until the conflict ends, Ukrainian ports will remain closed. This, sources say, is due to inadequate maritime security for commercial ships.

“This means all shipments of farm goods from Ukraine have ceased, and commodity traders will have to search elsewhere,” reports explain.

The Russia-Ukraine crisis could be the catalyst that collapses the global food supply

The corporate-controlled media is, of course, blaming Russia and Vladimir Putin for this aggression. But as we reported, the situation is much more complex and nuanced than that.

The military-industrial complex wants everyone to hate Putin, but it appears as though he may not be the bad guy. Even so, the repercussions of the world’s response to the invasion are having a ripple effect across the global economy.

“If the conflict is prolonged – three months, four months from now – I feel the consequences could be really serious,” warns Andree Defois, president of the consultant group Strategie Grains. “Wheat will need to be rationed.”

At a time when food prices are already soaring due to runaway inflation, Wall Street corruption, and other factors that have been brewing for decades, this is the worst possible time for another potential world war to unfold.

“I’m not going to put a lid on what might happen, (but) we could easily be looking at record prices,” says Arlan Suderman, chief commodities economist at StoneX.

Michael Magdovitz, a senior analyst at Rabobank, further revealed that Ukraine and Russia have both increased harvests and exports over the last decade at a far lower cost than Western farmers. This has helped keep wheat prices low.

The situation is changing, though, as the Russian invasion coincided with wheat futures trading in Chicago to a six-year high.

“The chain of product creation, from cultivation to port shipments, is paralyzed,” a Kyiv-based researcher from UkrAgroConsult warns about the escalating situation.

Earlier in the month, Goldman Sachs’ Global Head of Commodities Research Jeffrey Currie told Bloomberg TV that he has never seen commodity markets pricing in the shortages that are now occurring.

“I’ve been doing this for 30 years and I’ve never seen markets like this, he is quoted as saying. “This is a molecule crisis. We’re out of everything, I don’t care if it’s oil, gas, coal, copper, aluminium, you name it we’re out of it.”

The timing of all this is highly suspect, coming right on the heels of a sudden call-off of the Wuhan coronavirus (Covid-19) “vaccine” and mask mandates. Are we currently witnessing “part two” of the global plandemic?

“Poison jabs, war, and starvation are all part of the global depopulation program,” wrote someone at Zero Hedge.

“This is perhaps the biggest concern outside of energy (that could quickly be remedied by coal),” responded someone else. “Seriously, you can’t print food.”

“Perfect: less food, more inflation,” lamented another. “Go globalist warmongers (sarcasm).”

I agree that the present war is round two of the New World Order manic agenda for global control of everything. If a world war results, all the demands will be in over-night, as Covid mandate lockdowns was a dummy run to test the level of sheep of the sheeple.