Food shortages and skyrocketing food prices now appear inevitable. The global food price index hit its highest recorded level in March 2022, rising 12.6% in a single month. On average, food prices were one-third higher than in March 2021. In the U.S., food prices rose 9% in 2021, and are predicted to rise another 4.5% to 5% in the next 12 months
- Ukraine has ceased exports of wheat, oats, millet, buckwheat and cattle, and Russia has banned exports of fertilizer
- Together, Russia and Belarus provide nearly 40% of the global exports of potash, a key fertilizer ingredient. Russia also exports 48% of the global ammonium nitrate, and combined with Ukraine, they export 28% of nitrogen, phosphorous and potassium fertilizers. Experts are now predicting fertilizer prices may double as a result of Russia’s ban on fertilizer exports. https://www.theepochtimes.com/why-food-prices-are-expected-to-skyrocket_4410862.html?utm_source=News&utm_campaign=breaking-2022-04-21-3&utm_medium=email&est=r%2F6bFIdQpnd9o0rKaE0Ebg1HMwf3jLL3BY4TC3JJVXUi6Kgh6yPsxKPY%2F41V8dU%3D
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