The Coming Food Shortages. This #shortvideo will explain the coming food shortage that will sure impact the global economy. The next food crisis is anticipated to be worse than those in 2007 to 2008 and 2010 to 2011. This is because the shocks to agricultural and supplies occur at a time of extreme climate conditions, including severe droughts and floods around the world. It's safe to say that when it finally becomes undeniably clear that there simply won't be enough food for everyone in 2023, we're going to see a lot more chaos emerging all over the world. This video will present some facts happening around the world, across all continents, that will affect the food productions and why the coming food shortage is real.
The main cause of this year's food crisis is a logistics breakdown linked to problems exporting crops from Russia and Ukraine. However, the food supply itself may be in danger next year. In July, Ukraine President Zelenskyy took to Twitter to warn that the country's farm harvest could be cut in half this year due to the war. In August, consultancy firm McKinsey estimated Ukraine's production of grains, such as wheat, will drop by 35% to 45% in the next harvesting season.
This year's harvest in Ukraine will be 30 to 44 million tons less than average. Reduced farmer cash flow as a result of their last harvest's inability to be transported in large quantities and the potential for grain that was neglected or not harvested all. Supply will probably get tighter during the upcoming planting season as a result of the war's interference with Ukrainian planting and harvesting as well as the use of sub-optimal inputs in the crops of Russia, Brazil, and other growing-countries' crops.
Nearly one-fifth of fertilizer exports in 2021 came from Russia, but the conflict in Ukraine has severely disrupted the fertilizer supply. According to Bloomberg's Green Markets service, the cost of urea, a typical nitrogen fertilizer, has increased by more than double from the previous year.
As a result, farmers around the world are using less fertilizer. In nations that primarily rely on fertilizer imports, like Brazil, lower yields are also anticipated due to fertilizer shortages and rising fertilizer prices. The quantity of grain available on the global market would probably drop as a result. The same pattern was seen among Guatemalan farmers, who are unable to make investments in the following crop cycle either because they lack the money to purchase fertilizers and other inputs derived from oil, such as plastics for padding and pipes for irrigation systems, or because they are unable to find agricultural inputs on the market.
