Talk of food shortages and empty shelves has been at the forefront of agricultural discussions around the globe for more than two years as production demands have increased and farmers are scrambling to match the pace. Aggravating the economic aftershocks of the pandemic and supply chain recovery efforts was Russia’s invasion of Ukraine on Feb. 24. This dealt another significant blow to global agriculture as the conflict involves two of the top wheat producers. Further impeding global farmers are the limited availability and inflated price of fertilizer. Russia is one of the world’s largest producers of fertilizer, which was a part of the U.S. sanctions list until March 24, when the Department of the Treasury removed key agricultural items from the embargo due to critical shortages. However, the move may prove ineffective since Russia’s deputy secretary of the country’s security council, Dmitry Medvedev, announced on April 1 that Moscow wouldn’t sell agricultural products to …
World Farmers Struggling With Increased Food Demands and Supply Chain Disruptions
April 5, 2022
admin
0 Comment