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There is no food crisis. Unless you are a Living, Breathing Human.
CNBC: "Global rice shortage is set to be the biggest in 20 years"
There are no food crises. unless you are talking about fertilizer producers who need precursors.
There are no food crises, unless you are talking about farmers who need fertilizers.
There are no food crises, unless you live in a country which depends largely on food imports to sustain the local population.
There will be no food crises, until people need to eat and can’t find affordable options for food.
Then there will be a food crisis, and it will be too late.
Rice production for 2023 is set to log its largest shortfall in two decades, according to Fitch Solutions.
“At the global level, the most evident impact of the global rice deficit has been, and still is, decade-high rice prices,” Fitch Solutions’ commodities analyst Charles Hart told CNBC.
There’s a strained supply of rice as a result of the ongoing war in Ukraine, as well as weather woes in rice-producing economies like China and Pakistan.