'Apocalyptic' food shortage threatens, says Bank of England governor

Bank of England governor Andrew Bailey says food shortages triggered by the Russian invasion of Ukraine would cause famine in the developing world.

UN Secretary General Antonio Guterres is negotiating with Russia to allow exports of Ukrainian wheat from ports it controls.The world must brace for apocalyptic food price rises in the face of surging inflation if Ukraine is unable to ship wheat and cooking oils out of its main ports because of a Russian blockade, the Governor of the Bank of England has warned.

Ukraine is a major exporter of corn, barley, sunflower oil and rapeseed oil, while Russia and Belarus - which has backed Moscow in its war in Ukraine - account for more than 40 per cent of global exports of crop nutrient potash.reported on Monday that UN Secretary-General Antonio Guterres has asked the Kremlin to allow the shipment of some Ukrainian grain in return for moves to help facilitate Russian and Belarusian exports of potash fertiliser.

“Ukraine does have food in store, but it can’t get it out at the moment. While [the finance minister] was optimistic about crop planting, he said at the moment we have no way of shipping it out as things stand, and it is getting worse. Almost 40 countries count on Russia and Ukraine for more than half of their wheat imports, including some of the poorest and most vulnerable in the world, including Syria, Yemen, Somalia and Democratic Republic of Congo.

This is why Don’t Poke Bear. And India is unable to grow it because of heat waves. Cheers china.

Big deal......We'll get back to the good old dripping in the fridge days.

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