The Ukrainian grain deal is kaput, so there goes 20-30% of global wheat and grain.
Now, India is banning the export of rice (20-30% of global rice)
And you have countries that are well documented as stockpiling and hording food.
Makes you go hmmmmmmm........
Read between the lines. Don't listen to what they say, observe what they do.
Now, India is banning the export of rice (20-30% of global rice)
Exclusive: India's rice-export curbs put contracts for 2 million tons at risk, dealers say
India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said on Friday.
www.reuters.com
And you have countries that are well documented as stockpiling and hording food.
China hoards over half the world's grain, pushing up global prices
Testy ties with U.S. and Australia could be prodding China to boost food reserves
asia.nikkei.com
Is China preparing for war? Soaring food, gold stockpiles an ominous sign | Asia Markets
China's has opened the floodgates to imports of critical food supplies, causing some geopolitical experts to speculate the ruling party is preparing for war.
www.asiamarkets.com
The world is entering an era of stockpiling – and these countries are the biggest offenders
As war and inflation trigger supply shocks and soaring prices, nations hoard resources to protect against food insecurity
www.telegraph.co.uk
Makes you go hmmmmmmm........
Read between the lines. Don't listen to what they say, observe what they do.