Hello friends of Project Hope, we continue talking about the effects of the Russia-Ukraine conflict on agriculture worldwide, we understand that we live in a globalized world and all human beings on this planet without exception will feel the economic consequences of this war.
We had talked about the fact that Ukraine exports 75% of sunflower oil, the national flower of Ukraine is the sunflower, this has consequences that are already being felt in Spain, they have already begun to limit the purchase of sunflower oil in supermarkets markets the idea is to extend inventories as much as possible, but little by little products will be added to this list while this conflict lasts and looking at the panorama it does not seem that it will end soon.
Brazil bought 40 million tons of fertilizers in 2021, of which 9 million came from Russia, this presents a problem, there are companies and businesses that are buying in large quantities to save supplies, American farmers allege that they bought months ago and the problem of logistics caused their fertilizers and manure to be delayed and now the war adds uncertainty, these farmers allege that if their fertilizers do not arrive this month they could lose the harvest.
This panorama has made Egypt prohibit the export of all its cereals, Indonesia prohibited the export of palm oil, and each country is doing the same, they are prohibiting food exports preparing for a food crisis, it is that between Russia and Ukraine they produce 12 % of calories consumed in Europe and Asia.
China has serious flooding problems and is expected to lose 40% of its wheat harvest, so it will go to the world market to buy wheat and the world outlook is not healthy, all countries are choosing to ban exports, which will make food more expensive , the only solution is to eat less.
Therefore, a methodology is necessary to start a project, a methodology that you must respect in my case, from now on it will be a long time, especially in the crypto world where I have noticed that the holders are the big winners, another of my mistakes is to buy a token and since it does not go up in the first week I sell it, so from now on perseverance will be paramount in my life to maintain motivation.
Thank you for reading
Greetings @ramsesuchiha, every war has its consequence and in this opportunity is being affected not only the food field, also the energy with the issue of gas produced by Russia. So let's get ready for what is coming.
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About gas is my next publication, I anticipate that a country like Bulgaria buys 90% of the gas from Russia, thanks for reading
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Interesting. I think some agri commodities are surely to be impacted - wheat, corn, sunflower oil and of course fertilizers that in turn impact agriculture around the rest of the world. This war will have catastrophic results in months to come.
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if in the coming months we will feel the war in our economy , thanks for reading
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Hello @ramsesuchiha!
Ohhh... That's why sunflower oil prices reaching the sky! So it's not only here, damn that's really bad. The war consequences are always so bad and from someone who live in the middle east I can truly tell you that it always keep getting worse since there are many wars around here the situation keeps getting bad as there are huge numbers of refugees and also many financial problems.
Thanks for sharing!
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Con el apoyo de la familia.
Trail de TopFiveFamily
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Hola amigo, toda guerra produce estragos y todo el planeta es afectado de manera direta e indirecta. lo unico que fortalece al mundo en la Fe en Dios para que intervenga de manera dsobrenatural y que las mentes de las altas esferas gobubernamentales se les aclare la mente y recobren la coherencia y la empatia por los mas indefensos y debiles y la soberbia desaparezca de los corazones de los dirigentes y debemos orar fervientemente por que todo culmine para que la paz se establezca. De esa manera mantendremo una luz de esperanza en nuestros corazones.
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