Fertilizer shortage = food shortage
Posted: March 5th, 2022, 8:16 pm
https://www.zerohedge.com/commodities/r ... ll-exports
Food Crisis Imminent: Hungary Bans All Grain Exports Effective Immediately
Tyler Durden's Photo
BY TYLER DURDEN
FRIDAY, MAR 04, 2022 - 11:26 AM
(Update 1:25pm ET) - Those who have it, are no longer giving it away, and those that don't will soon find themselves in the middle of an epic food crisis.
Just hours after we reported that Russia effectively banned exports of fertilizers, moments ago Hungary - one of Europe's most grain rich nations - has circled the wagons and realizing which way the wind is blowing, just announced that it will banning all grain exports effective immediately, in a statement .
Expect wheat prices, already at record highs, to promptly double from here in the next few weeks as the world realizes the extent of the global food crisis that is coming.
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