Food prices jump the most on record...

Investment Analysis Clubs Macro Economic Trends and Risks
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Per Bloomberg:

Food Prices Jump Most on Record as War Sparks Supply Chaos
UN gauge of world food costs climbed to fresh record in March
Higher prices are contributing to inflation and hunger crisis

https://www.bloomberg.com/news/articles/2022-04-08/food-pric….

Regime change is sure to come in the wake of hunger. Remember the “Arab Spring” of 2011? The food price inflation today is worse than it was then.

I do not know which countries are most at risk of unrest. I do recall that Egypt is one of the countries most dependent upon Ukrainian wheat.

Egypt has been an ally of the United States and Europe for centuries. However, Russia’s war is sure to disrupt Ukraine’s planting, tending, harvesting, and export of wheat to Egypt, along with other countries.

I expect Russia to exploit the hunger it is creating just as it is exploiting petroleum dependence. Already, Russia is using its intentional war-induced food and fuel shortages to forge “unbreakable bonds of friendship” with China and India.

Per Forbes:

War-Fueled Global Hunger Catastrophe On The Way With Solutions Tough To Come By
Disrupted exports, drought, refugees to feed and record-high fertilizer prices conspire to spread food insecurity worldwide.

…“Europe and also Africa will be very deeply destabilized in regards to food because of what can’t be planted right now in Ukraine,” [Emanuel] Macron said March 11. “We will have to prepare for that and reevaluate our production strategies to defend our food sovereignty, but also to be able to define a strategy concerning Africa.”

https://www.forbes.com/sites/chloesorvino/2022/03/23/war-fue…

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Unfortunate. But also why my shares in FPI are doing well.

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Russia is using its intentional war-induced food and fuel shortages to forge “unbreakable bonds of friendship” with China and India.

I view that as just as “unbreakable” as the medieval Queen of England’s “undisputed” claim to the English throne.

Whenever a politician starts talking about something being “unbreakable” or “undisputed” I suspect he/she is trying to make it so rather than declaring an established fact.

Fundamental Law of the Universe 23B:
Every organism from the lowest ameba to the smartest human will do that which it perceives to be in its own best interest.
– Desert Dave (Quotation, with attribution, permitted and encouraged.)

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Food prices jump…

When food prices are not jumping, what are they doing? Sitting down? Taking a siesta? Taking a stroll in the park?

The Captain
language is curious

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