re: World Has Only 10 Weeks of Wheat Supplies Left

The Biden administration, despite a wholly punitive approach toward Russia, is now offering to write “comfort letters” for international companies reassuring them that they won’t face penalties for importing Russian fertilizers and grains. But, given the sweeping sanctions against Moscow, such an offer may provide little comfort for Western importers, many of whom have reduced their exposure to Russian commodities because of the sanctions-related difficulty of making payments into Russia.

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Normal supply is 12 weeks at any given time.

As was mentioned on page 1, this is gaslighting.

Explain this. I'm not aware of this.
I am surprised that Canada and US produce the same amount. I've always thought we were at the top of wheat production.
We need to slow our roll on all the corn and ethanol production. Turn up the wheat production.

Argentina's economy minister is wanting to push for higher export taxes as well. They aren't helping

We'd better not export a single bushel of wheat until the U.S. market is completely satisfied. Considering that we are less than 5% of the world's population, yet export 15% of the world's wheat, there's no excuse for Americans ever going hungry unless it's intentional by our government.

Can someone remind me what we are getting out of this war again?

Why is it in our best interest?

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Normal supply is 12 weeks at any given time.

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Prior to Obama?

Your “any given time” is lacking pre-Obama.

Hummm? Guess I'd better stock up on flour. What is the shelf life of flour anyway?

Gonna hoard 50 lb bags

World Bank Managing Director of Development Policy and Partnerships Mari Elka Pangestu and Managing Director of Operations Axel van Trotsenburg called for export restrictions to be “halted and reversed” to combat the worsening crisis.

The current price surge has been fueled by the COVID-19 pandemic, supply chain bottlenecks, the high cost of energy and other global issues, but is exacerbated by the war in Ukraine, a top global food supplier. The conflict not only disrupted production in Ukraine but also blocked critical ports in the Black Sea.

The directors compared this year’s crisis with the global food crisis of 2008, during which 36 countries imposed export restrictions. As of June 2022, 34 countries have active restrictions.

Bans imposed since the start of the war in Ukraine have increased the price of rice by more than 12 percent, of wheat by 9 percent and of maize by about 6 percent, a World Bank report found.

Between mid-2007 and mid-2008, the global food crisis saw an increase in the price of rice by as much as 180 percent, of wheat by 120 percent and of maize by 70 percent.

In 2020, Ukraine was the world’s fifth-largest supplier of wheat, and Russia was the top exporter of fertilizer.

In early June, U.N. Secretary-General António Guterres gave remarks warning that, “without fertilizers, shortages will spread from corn and wheat to all staple crops, including rice, with a devastating impact on billions of people in Asia and South America, too.”

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