After more than two years of consistent supply chain disruptions from the pandemic, countries are now seeing inflated food prices and are bracing for potential shortages resulting from the compounded effect of Russia’s war in Ukraine. Regarding the looming threat of food scarcity, U.S. President Joe Biden announced on March 24 that “It’s going to…
US, Canada May Increase Food Production as Shortages Loom: Biden
March 24, 2022
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Business & Economyeconomic policieseconomyEuropeExecutive Branchfood shortageJoe BidenMarketsPoliticsRussiaRussia-Ukraine WarUkraineUSUS NewsWorld
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President Joe Biden says the United States and Canada may have to up their food production in order to offset shortages in Europe caused by the ongoing war between Russia and Ukraine. Each of the two warring nations are among the top producers of agricultural commodities in the world—each specializing in products like wheat, maize,…
US, Canada May Need to Increase Food Production as Shortages Loom: Biden
March 24, 2022
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Business & Economyeconomic policieseconomyEuropeExecutive Branchfood shortageJoe BidenMarketsPoliticsRussiaRussia-Ukraine WarUkraineUSUS NewsWorld
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President Joe Biden says the United States and Canada may have to up their food production in order to offset shortages in Europe caused by the ongoing war between Russia and Ukraine. Each of the two warring nations are among the top producers of agricultural commodities in the world—each specializing in products like wheat, maize,…
WH Anticipates Global Food Shortage From War; Banks Seize $2 Billion From Evergrande | NTD Business
The White House is warning of possible food shortages coming because of the war in Ukraine. Which countries would feel the impact? The EU is planning to phase out importing Russian oil and gas imports in a few years, but it won’t be easy. We ask Daniel Lacalle what the challenges are. A Chinese bank…
White House Anticipates Global Food Shortage Sparked by Ukraine Invasion
March 21, 2022
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Business & Economyeconomic policieseconomyEuropefood shortageJen PsakiRussiaRussia Ukraine invasionRussia-Ukraine WarUkraineUkraine invasionWhite HouseWorld
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The White House anticipates a global food shortage due to the full-scale invasion launched by Russian President Vladimir Putin, press secretary Jen Psaki said on Monday. Psaki said that although the United States is not likely to be impacted by a food shortage, the White House does expect that higher energy, fertilizer, wheat, and corn…
China Braces for Food Crisis
News Analysis Last November, a wave of panic buying and hoarding was spurred by a message from China’s Ministry of Commerce, instructing local governments to stabilize food supply and prices. Now, as the war in Ukraine is threatening wheat and fertilizer exports, China braces for a food crisis, while Americans can expect higher prices at…
Ukraine’s Farmers Stalled, Fueling Fears of Global Food Shortages
March 14, 2022
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Business & Economyeconomic policieseconomyEuropeFarmersfood shortageglobalInternationalMarketsRussia-Ukraine WarstalledUkraineWorld
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The Russian invasion of Ukraine threatens millions of tiny spring-time sprouts that should emerge from stalks of dormant winter wheat in the coming weeks. If the farmers can’t feed those crops soon, far fewer of the so-called tillers will spout, jeopardizing a national wheat harvest on which millions in the developing world depend. The wheat…
Beer-flation Hits US as Crop, Supply Shortages Loom
Brewers small and large in the U.S. expect the cost of beer to increase as the Ukraine conflict threatens global crop shortages and packaging remains in short supply. In California, home to more craft breweries than any other state, some have also reported problems with transportation and trucking shortages. “I think brewers have been hit…
The Crisis Neither Biden nor the Fed Can Fix
Commentary Supply chain disruptions arising from the COVID-19 lockdowns have crippled the shipment of goods of all kinds around the world. Everything from toilet paper to cleaning products to antibiotics to household appliances have been struggling to get to their final destination. A poll run in October 2021 indicated that 54 percent—over half—of Americans were…
China’s Anti-Corruption Campaign Targeting Food System Reveals Food Shortage Crisis: Experts
China’s food system has recently been the target of the regime’s anti-corruption campaign. Nearly 40 officials have been investigated and sacked in recent months, and the issue of food security has once again attracted attention. Analysts believe that targeting corruption in the food system has highlighted the serious problem of food shortages in China. On…
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