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swag

(26,486 posts) Tue May 17, 2022, 12:37 AM May 2022

Bank of England warns of 'apocalyptic' global food shortage [View all]

Source: The Telegraph

By Tim Wallace
16 May 2022 • 11:15pm

The Governor of the Bank of England has warned of “apocalyptic” global food price rises and said he is "helpless" in the face of surging inflation as the economy is battered by the war in Ukraine.

Andrew Bailey said he has “run out of horsemen” when counting the shocks facing Britain, with runaway energy and food costs driven by global market forces beyond his control.

Prices are rising at the fastest rate in 30 years, creating a "very big income shock" that is expected to intensify in coming months with a risk of double-digit inflation before the end of the year.

Mr Bailey told MPs on the Treasury Select Committee that he is increasingly concerned about a further surge in food costs if Ukraine, a major crop grower, is unable to ship wheat and cooking oils from its warehouses because of a Russian blockade.

Read more: https://www.telegraph.co.uk/business/2022/05/16/bank-england-warns-apocalyptic-global-food-shortage/

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Bank of England warns of 'apocalyptic' global food shortage [View all] swag May 2022 OP

Commodity speculators peppertree May 2022 #1

The winds of war are blowing. roamer65 May 2022 #2

Is the problem a global food shortage or high prices? milestogo May 2022 #3

India shut off wheat exports the other day. roamer65 May 2022 #4

The heat there has been intolerable. milestogo May 2022 #5

The heart there has been intolerable speak easy May 2022 #7

As I remarked to hubby the other day: I get it. What if the Irish had kept all the food they grew... Hekate May 2022 #41

The wheat exports of Ukraine are far more important to the globe than I ever realized... Hekate May 2022 #40

Plus the RuZZians have stolen about 500,000 tons of Ukrainian grain. roamer65 May 2022 #48

I think it's actually the Ukrainian AND the Russian grain harvests Vogon_Glory May 2022 #57

Yes Jose Garcia May 2022 #45

It might help if w stopped feeding things people can eat to pigs and cows Warpy May 2022 #6

That's not the real problem which is that there are simply to many humans and eventually cstanleytech May 2022 #13

Sad but true... rubbersole May 2022 #17

+7,947,605,000 Auggie May 2022 #29

Six billion miracles is enough. CrispyQ May 2022 #35

Countries that have a lower birth rate have their own problems Warpy May 2022 #38

So true. The amount of water used on a pound of beef, is a lot less than a pound of soybeans. C Moon May 2022 #16

Hmm that's surprising. Are you sure? mahina May 2022 #18

Look into it. You'll be surprised. I doubt you'll bother. C Moon May 2022 #19

Charmed! mahina May 2022 #21

Not only did you misstate the fact, but marybourg May 2022 #23

That link says Beef takes much more IbogaProject May 2022 #36

From the article: Turbineguy May 2022 #65

I think you mean "more", not "less" muriel_volestrangler May 2022 #20

I know one item that we need to stop yesterday is avocados jimfields33 May 2022 #26

Well, that's easy Hekate May 2022 #43

I know people love them jimfields33 May 2022 #44

This was the challenge that Britain melm00se May 2022 #32

Meat heavy diets are killing people who have an overabundance of food. People with no food... Hekate May 2022 #42

The green revolution was nice while it lasted, eh? Warpy May 2022 #46

The Great Lakes region is going to become the breadbasket of the North American continent. roamer65 May 2022 #49

I think you are right about that Warpy May 2022 #50

Would be nice to see the bison roam again. roamer65 May 2022 #51

At first it will likely be cows and sheep Warpy May 2022 #52

Beefalo? roamer65 May 2022 #53

They're different species. By definition, they can't interbreed NH Ethylene May 2022 #60

They can with difficulty Warpy May 2022 #62

I stand corrected! NH Ethylene May 2022 #63

Uhhhhhh..... Warpy May 2022 #61

Global warming effects that may have taken a couple of decades are now littlemissmartypants May 2022 #8

Dear worldwide farmers, please plant some frickin' wheat. Baked Potato May 2022 #9

Just Like The Saudis Are Helping.... DanieRains May 2022 #11

There are only a finite number of places where you can plant and harvest wheat so really what is cstanleytech May 2022 #14

Well, how about rice? Nt raccoon May 2022 #27

Rising sea levels are flooding a lot of rice country with salt water NickB79 May 2022 #30

Not much difference than growing wheat as both take land and water. cstanleytech May 2022 #39

We've known about climate challenges for decades.. Deuxcents May 2022 #10

Drill Baby Drill!!!!!!!!!!!!!!!!!!!!!!!!!! DanieRains May 2022 #12

Hurricanes? Yes as they thrive with higher ocean temperatures. Tornadoes? Probably not as those cstanleytech May 2022 #15

Russia has Black Sea ports blocked to prevent Ukraine from shipping wheat. Lonestarblue May 2022 #22

+1 dalton99a May 2022 #37

What? They can't grow crops on McMansion Farms? bucolic_frolic May 2022 #24

People with McMansions won't starve hueymahl May 2022 #28

Don't think catastrophic climate change is a Third-World problem NickB79 May 2022 #31

That's a good point - there will be climate refugees relocating within the US FakeNoose May 2022 #59

Well, destabilization causes instability. David__77 May 2022 #25

For maximum efficiency, encourage households to plant "Square Foot' gardens. RicROC May 2022 #33

Victory gardens! roamer65 May 2022 #56

Put a space after the "g" at the end of your link TexasBushwhacker May 2022 #64

Kick ck4829 May 2022 #34

It's Biden's fault!!!!!!! AwakeAtLast May 2022 #47

Of course the wing-nuts and conservative reactionaries will blame Biden Vogon_Glory May 2022 #58

The next agricultural revolution will be melm00se May 2022 #54

51 deg C in Pakistan. roamer65 May 2022 #55

Permian-Triassic cagefreesoylentgreen May 2022 #66

Large scale hydroponics and aquaponics may be an answer for wheat/soy. Akoto May 2022 #67