Ukraine & Russia grains–30% of world global exports–are no longer moving as three merchant ships have been hit by missiles in the Black Sea, including one chartered by Cargill to move grains. Brazil is frantic after fertilizer imports from Russia are threatened. The global food trade is coming to a screeching halt and food prices are exploding even further as the conflict escalates. Christian breaks down the developments from just the last 48 hours in this Ice Age Farmer special report.
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LINKS:
https://www.washingtontimes.com/news/2022/feb/24/wheat-prices-soar-exporting-giants-ukraine-russia-/
https://twitter.com/IGCgrains/status/1494409567211450378
https://apnews.com/article/russia-ukraine-europe-russia-china-beijing-c73b5249d313d661ce1836911b1dbc45
https://www.dailymail.co.uk/news/article-10546931/Putin-cuts-vital-shipping-route-Ukraine-forces-Kiev.html
Merchant vessels hit:
https://www.reuters.com/world/europe/russia-halts-vessel-movement-azov-sea-black-sea-open-2022-02-24/
https://splash247.com/two-more-ships-hit-in-the-black-sea/
https://www.reuters.com/markets/asia/russias-monthly-grain-exports-by-destination-2022-01-31/
https://www.nasdaq.com/articles/india-turns-to-brazil-for-soyoil-amid-ukraine-crisis-exports-soar
https://www.cips.org/supply-management/news/2022/february/bayer-declares-force-majeure-after-manufacturing-failure/
https://www.reuters.com/article/ukraine-crisis-fertilizers-brazil-idUSKBN2KT34E
Farmers unable to get inputs (even before Ukraine!)
https://www.agweb.com/news/crops/crop-production/bayer-warns-more-glyphosate-shortages-heres-how-severe-situation-could