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Economy

“War has brought the world to the brink of a food crisis”

“…Record high natural gas prices have forced the company he runs, fertilizer producer Yara International, to curtail its production of ammonia and urea in Europe to 45% of capacity. With less of those two essential agricultural ingredients, he expects knock-on effects for global food supplies.”It’s not whether we are going to have a food crisis. It’s how large that crisis will be,” Holsether told CNN Business…”

https://www.cnn.com/2022/03/12/business/food-crisis-ukraine-russia/index.html

War is just the cherry on top of this global economic crisis. The original problem stems from the covid lock-downs which caused a supply chain breakdown. Nobody is going to forget shelves were empty before war in Ukraine started.

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