Re:Dutch farmers organise mass protests in face of farm clos...
by masklinn on Tuesday July 05, 2022 @11:49AM
(#31989715)
> Considering the imminent food shortages
There are no imminent global food shortages. Wheat futures are literally crashing right now because the entire thing was FUD-driven financial speculation: https://www.wsj.com/market-data/quotes/futures/W00
There are (and are going to be) local food shortages, in countries which relied on ukraine specifically as they need new supply lines, and the speculation has done the opposite of helping by pricing them out.
And then also in other low-wealth countries which the speculation has also priced out, there the speculation alone creates the food shortages.
There are no imminent global food shortages. Wheat futures are literally crashing right now because the entire thing was FUD-driven financial speculation: https://www.wsj.com/market-data/quotes/futures/W00
There are (and are going to be) local food shortages, in countries which relied on ukraine specifically as they need new supply lines, and the speculation has done the opposite of helping by pricing them out.
And then also in other low-wealth countries which the speculation has also priced out, there the speculation alone creates the food shortages.