Grains 02 (Jan 14 - Dec 24)

[winston]

One Bank Warns Soaring Food Prices Will Lead To Social Unrest

BY TYLER DURDEN

Reid cautions that "given the hardship that’s already occurred thanks to the pandemic, a fresh wave of unrest would be no surprise on a historical basis."

Source: Zero Hedge

https://www.zerohedge.com/markets/one-b ... ial-unrest

[winston]

Global food prices vault by 33.9pc in June

World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday, Reuters reports.

The Rome-based FAO also said in a statement that worldwide cereal harvests would come in at nearly 2.817 billion tons in 2021, slightly down on its previous estimate, but still on course to hit an annual record.

The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 124.6 points last month versus a revised 127.8 in May.

The May figure was previously given as 127.1.

On a year-on-year basis, prices were up by 33.9 percent in June.

FAO's vegetable oil price index dropped by 9.8 percent in June, partly on the back of a fall in palm oil prices, which were hit by expectations of output gains in leading producers and a lack of fresh import demand.

Soy and sunflower oil quotations also dropped.

The cereal price index dropped by 2.6 percent in June month-on-month, but was still up 33.8 percent year-on-year. Maize prices fell by 5 percent, partly because of higher-than-expected yields in Argentina and improved crop conditions in the United States.

Source: Reuters

https://www.thestandard.com.hk/breaking ... pc-in-June

[behappyalways]

Food Crisis About To Get Worse After China Says Winter Wheat Condition Could Be Worst In History
https://www.zerohedge.com/commodities/f ... d-be-worst

[behappyalways]

Ukraine Bans Wheat & Grain Exports Vital To Global Food Supply, Citing Citizens Under Siege
https://www.zerohedge.com/commodities/u ... nder-siege

[behappyalways]

Argentina Halts Soy Exports As Food Protectionism Soars
https://www.zerohedge.com/commodities/a ... nism-soars

[behappyalways]

Ukraine's Corn Harvest May Plunge By A Third, Estimates Show
https://www.zerohedge.com/commodities/u ... imates-say

[behappyalways]

22.03.15【豐富│東南西北龍鳳配】Pt.1 糧食危機將持續惡化！
https://m.youtube.com/watch?v=IvdvC2RLcRA

[behappyalways]

Severe Drought & "Dust Bowl Conditions" Threaten Disastrous Winter Wheat Harvest In The US
https://www.zerohedge.com/weather/sever ... harvest-us

[behappyalways]

China's Pursuit Of Food Security Comes As Crop Conditions Set To Be "Worst In History"
https://www.zerohedge.com/commodities/c ... st-history

[behappyalways]

Ukraine farmers plough on in the face of war that is fuelling a food crisis
https://m.youtube.com/watch?v=cFiXILd4-Zw