World Facing Unprecedented Food Crisis
The state of the global food supply is only set to worsen, as U.S. agriculture faces very poor harvests due to droughts, supply chain issues, and the Ukraine war – just a few elements creating a ‘perfect storm’ for a worldwide food crisis.
The ongoing Russia/Ukraine conflict has cut off vital shipments needed to make fertilizer and grain products.
According to top-level executives from big agricultural firms, North and South America would need at least two more years of good harvests to ease supply pressures.
“The current market expectation is that global grain and oilseeds markets need two consecutive norma …