Observe how the globalist-satanists have managed and contrived to starve and mass-murder the people w. inflation and food destruction, morons


Guest Columnist

According to the globalists, we are one crop failure away from ‘food system meltdown’ – new consumables added to the shortage and/or inflation list​


Link: http://www.yourdestinationnow.com/2023/04/according-to-globalists-we-are-one-crop.html

Food costs are still rising, as we see the food-at-home in February 2023 were 10.2 percent higher than in February 2022, and we feel it at the grocery store every day.

Yesterday Stefan came home from the store with four full plastic bags and a gallon of milk, and spent more than $200.
It is good thing we have emergency survival food we bought almost nine years ago, because it looks like we will be using it unless we win the lottery……..then again we don’t play the lottery, so there goes that idea.
With food inflation still topping overall inflation, and for some items, like cereals, we are talking 11%-12% increase from last year at this time.
Some key points from the USDA Economic Research Service’s March 2023 forecasts, which incorporate the February 2023 Consumer Price Index and Producer Price Index numbers.
• The food-at-home (grocery store or supermarket food purchases) CPI increased 0.3 percent from January 2023 to February 2023 and was 10.2 percent higher than February 2022
• In 2023, all food prices are predicted to increase 7.5 percent, with a prediction interval of 5.5 to 9.6 percent. Food-at-home prices are predicted to increase 7.8 percent, with a prediction interval of 5.3 to 10.5 percent. Food-away-from-home prices are predicted to increase 8.3 percent, with a prediction interval of 7.2 to 9.3 percent.
• Prices increased for 13 food-at-home categories between January 2023 and February 2023. Prices increased for all categories except fresh vegetables and eggs.

• In 2023, prices are predicted to increase for other meats (4.5 percent), poultry (3.4 percent), dairy products (6.4 percent), fats and oils (15.4 percent), processed fruits and vegetables (11.4 percent), sugar and sweets (11.1 percent), cereals and bakery products (11.7 percent), nonalcoholic beverages (10.7 percent), and other foods (8.5 percent).
• Retail egg prices decreased 6.7 percent in February 2023 but remained 55.4 percent above February 2022 prices. Egg prices are predicted to increase 29.6 percent in 2023, with a prediction interval of 13.4 to 48.9 percent. This wide prediction interval reflects the volatility in retail egg prices.
Read more here.
These are not numbers the MSM push at the people, as they prefer to focus on the lower “overall” inflation, yet food and water are the two items Americans cannot live without.
According to Foreign Policy, while we averted a “collapse of the global food system” in 2022, we are “one major crop failure or natural disaster away from a food system meltdown,” right now.

“China is the largest rice and wheat producer in the world and is currently experiencing the highest level of drought in its rice growing regions in over two decades,” according to CNBC.
Another “major price driver” for rice is India, which has put restrictions on their rice exports
The key point in that report states “The global rice market is set to log its largest shortfall in two decades in 2023.”
While this doesn’t affect Americans as severely as those in other countries, rice is still one of the staple foods for Americans living paycheck-to-paycheck, and with the increased prices due to global shortages, buying in bulk ends up being cheaper in the long run.
Rice is not something we have focused on as much as meats and vegetables in the past, but for households that can barely make ends meet, rice is a staple used often.
Again, lucky for us, we prepared in advance, back when we actually had some money in the bank, so our buckets/pails of rice will last us a while.


Guest Columnist

Food Collapse Incoming: Globalist War on Nitrogen Emissions Putting Entire Global Food Supply at Risk​

May 16, 2023 8:36 am by IWB
via discernreport:

Link: https://www.investmentwatchblog.com...-putting-entire-global-food-supply-at-risk-2/

Governments all over the world are passing policies to deal with nitrogen emissions – and these policies are putting the global food supply at risk.
The people pushing this so-called “war on nitrogen” claim that excess nitrogen in the environment is hazardous and pollutes the land, the water and the air. They say it even depletes the ozone layer. (Related: Dutch government to seize up to HALF the country’s farmland under the guise of curbing nitrogen emissions.)
The United Nations is at the forefront of these claims, suggesting without evidence that nitrogen is not only a contributor to so-called climate change, but that nitrogen pollution is also somehow a threat to human health and is detrimental to the global economy.
“Nitrogen is a primary nutrient essential for the survival of all living organisms on earth,” admitted Leticia Carvalho, principal coordinator of the United Nations Environment Program’s Marine and Freshwater Branch. “But the world needs to wake up to the issues of nitrogen waste and the opportunities to take joint action for its sustainable use.”

Sri Lanka, Netherlands leading the “war on nitrogen”​

Two of the main nations leading the globalist “war on nitrogen” are Sri Lanka and the Netherlands.
In April 2021, the Sri Lankan government led by then-President Gotabaya Rajapaksa banned the use of all chemical fertilizers in the small island nation of 22 million people.
Dutch MEP Rob Roos Slams Globalists ‘Great Food Reset’ Policy: ‘No Farmers, No Food, No Future’
Roos’s call to protect and cherish our farmers and demand transparency in our food labeling is a clarion call to action.
In a recent speech at the European Parliament, Dutch politician and current Member of the European Parliament, Robert “Rob” Roos, spoke out against the EU’s “Great Food Reset” policy, which he claims is leading to harrowing scenes in the Netherlands. Roos argued that farmers have been producing food for centuries and are an essential part of Europe’s heritage and culture. However, the EU and United Nation’s trade agreements are inundating the market with products from half the world, even as farmers are being killed off with legislation aimed at climate action, including the ban of nitrogen fertilizer, an essential component of modern agriculture.
According to Roos, this inhumane policy is leading to devastating consequences, with 20 to 30 farmers committing suicide every year. Moreover, without farmers, hunger lurks, as evidenced by Sri Lanka’s famine and chaos, which resulted from the perfect implementation of Environmental Social Governance. Therefore, Roos called for an end to the Nature Restoration Act and the 2030 Agenda, which he claimed destroy farmers for the ideal of a CO2-free utopia.
Roos emphasized the need to protect and cherish farmers again, stating that without farmers, there can be no food and no future. This speech reflects the growing concerns among farmers across Europe who fear that their livelihoods are under threat from EU policies that prioritize environmental concerns over their economic well-being.


Guest Columnist

Wasting Away Again In Bidenville! Core Inflation Rate UP 244% Under Biden, Food UP 46%, Gasoline Prices UP 60%, Rental Growth UP 268% As Biden/McCarthy Negotiate​

May 23, 2023 9:25 am by IWB

Link: https://www.investmentwatchblog.com...al-growth-up-268-as-biden-mccarthy-negotiate/

by confoundedinterest17

The US middle class is wasting away in Bidenville. While Climate Envoy John Kerry threatens to seize farms in the name of … climate change? The moral hazard problems associated with farm seizures boggle the mind.

So, everyone keeps talking about the debt ceiling and the fact that America is about to run out of money. How did we just find $375 million dollars AGAIN to ship on over to Zelenskyy?
Biden and McCarthy met on the debt ceiling and nothing has been resolved. They both represent the BIG donor class and big Pharma, big defense, big tech, big media, big tech, anything that is big runs Congress and the Administration. So of course they will finally agree to raise the debt ceiling and continue their insane spending on the donor class.
See also Investors pull back: All-cash sales – often investors and second home buyers – plunged by 22% year-over-year to 94,000 homes in April, from 120,000 homes in April 2022... Home sales plunge, supply rises, prices drop
As of right now, there is no deal to raise the debt limit. Biden wants to raise the already insane and irresponsible Federal budget. McCarthy wants no new taxes. Who will cave in this game of chicken? My guess is that McCarthy will cave. Biden may whip out the 14th Amendment to bypass McCarthy and Congress, but this makes Biden a dictator (which would suit him fine, but would be a horrible precedent).
See also Listen: Biden reminds us that he has the ability and sole authority to launch nukes
Core Inflation Rate UP 244% under Biden, Food UP 46%, Gasoline Prices UP 60%, Rental Growth UP 268%. What a disaster under Biden’s Reign of Error.

But at least the Biden family are getting wealthy beyond comprehension. Isn’t that Ashley Biden in the blue who Joe raped repeatedly in the shower when she was young? His own f’ing daughter????? You sick and twisted f***!!!!!!


Guest Columnist

Is The Debt Ceiling The Real Issue For The US Economy Right Now?​

by Dr. Radhika Desai | RT
May 24th 2023, 2:56 pm

Link: https://www.infowars.com/posts/is-the-debt-ceiling-the-real-issue-for-the-us-economy-right-now/

The drama around increasing the borrowing limit obscures the growing threat of a crash in the Treasuries market

The story of US debt is bound to have many more chapters, each more inglorious than the previous, unless some major political change that revives US economic fortunes arrives and, so far, none can be seen on the horizon.

The debt ceiling drama unfolding in Washington DC is, as commentators around the world have noted, distracting US president Joe Biden from his geopolitical agenda.

Though initial fears that the standoff would prevent his participation at the Hiroshima G7 summit were unrealized, he was forced to cancel trips to Australia and Papua New Guinea, both of which were to involve attempts at containing China’s growing influence in the Pacific. He even had to promise to call Senate Majority Leader Kevin McCarthy from aboard Air Force One on his way home. Over the weekend, debt ceiling talks stalled and evidently could not be restarted without the president’s personal intervention.

Learn the Truth Behind the Debt Reset Collapse to Crash the American Economy

Republicans are demanding massive social spending cuts over the next decade as a precondition for lifting the debt ceiling, while Democrats are determined to keep any cuts to a minimum. Reconciling the right wing and the left wing on issues such as work requirements for eligibility for various welfare payments looks very difficult and talks have stalled more than once.

However, the Democrats will be true to form if they prove willing to give in to a far greater extent than they currently admit and agree to cuts, now conveniently blamed on the Republicans and the urgent need to lift the debt ceiling.
Indeed, if the Biden administration really cared about the working poor in the US, not to mention its crumbling infrastructure and a declining economy that could use a heavy dose of fiscal stimulus and industrial strategy, it would heed the advice of legal experts who have clarified that the so-called debt ceiling in fact does not exist. By voting on the budget, Congress has already agreed to borrow the shortfall.

No wonder so many in Washington DC are still sanguine about a deal. Still, a resolution this time around definitely looks harder than ever as Janet Yellen and nearly 150 CEOs of major US corporations have warned of disaster in the event of a default. Jamie Dimon, CEO of the biggest US bank (recently made bigger by absorbing failed banks), convened a war room on the possibility and warned of market panic.

However, even if a resolution is reached this time too, the current prolonged standoff will have consequences. Back in 2011, when there was a similar standoff, a resolution was reached in time but Standard and Poor downgraded US debt from its AAA rating anyway. Today, the economic situation in the US is far worse and the financial situation, caught between the rock of inflation and the hard place of asset-busting rising interest rates, is extremely fragile.

Markets are already demonstrating an awareness of these conditions. They remain awash with funds that need some hope for profit, however desperate that hope is and however thin the profit margin. This condition should normally boost markets for all assets, but investors are turning away from both US stocks and bonds. While some investors are moving funds from the US to China, attracted by the country’s brighter economic prospects, better valuations and a more benign outlook for inflation, others may prove unwilling to bet on US companies that promise to make a profit sometime in the future and prefer “the steadier dividend-paying companies that Europe has in abundance.”

Moreover, the US faces an even bigger and more immediate threat given its large debt – a crash in the Treasuries market. Thanks almost entirely to repetition, the world has come to take as truth the fiction that the US enjoys an “exorbitant privilege” of issuing debt without limit, which the world will be only too happy to buy. Unfortunately, not only was this never true, lately it has become more blatantly false than ever.

The US has long borrowed at higher rates than some other major governments, such as Germany. Additionally, over the past decade and before, Federal Reserve support for the US Treasury market has been critical in holding prices up and pressing yields down. Even so, the bottom fell out of the market for US Treasuries at the start of the pandemic in March 2020 and, for over a year now, rising interest rates have also been supporting them.

Yet, there are worries about the liquidity of the market for Treasuries, particularly about whether sellers can find buyers. No wonder then that President Biden could not afford to yield to the siren calls of the Modern Monetary Theory lobby, which argued that the US at least had the capacity to issue debt without limit. Instead, he has had to prudently limit spending in his budget, keeping down the size of the much-anticipated programs he promised during his election campaign, and even then had to fund them substantially with increased taxes rather than financing them with debt alone. So much for the “exorbitant privilege” and Modern Monetary Theory.

So, even if the current debt ceiling standoff is resolved – and the acrimony involved will put US political dysfunction on display, a further destabilizing factor for US assets, including Treasuries – there remains the question of the actual value of US debt and whether the country can in fact continue to borrow without limit.

If the past is anything to go by, and there is not much else to base one’s expectations on, all that borrowing simply goes to cutting taxes and to provide vast subsidies to unproductive US corporations who seem incapable of meeting the challenge of China in fields such as Information and Communications Technology. Even the vast, heavily subsidized US military industrial complex cannot produce cutting edge weapons that rival Russia and China with their hypersonic missiles, and can only supply an endless series of wars that end in defeat.

So, the story of US debt is bound to have many more chapters, each more inglorious than the previous, unless some major political change that revives US economic fortunes arrives and, so far, none can be seen on the horizon.


Guest Columnist

URGENT – Banking Crisis NOT ACCIDENTAL: It’s the Last Leg of the Fed’s Master Plan Warns Jekyll Author​

May 26, 2023 1:01 pm by IWB

Link: https://www.investmentwatchblog.com...-of-the-feds-master-plan-warns-jekyll-author/

[see vid at site link, above]

“The world is now in the hands of the banking institutions,” says G. Edward Griffin, author of Creature from Jekyll Island and founder of the Red Pill University. He argues that large banks have become so powerful that they are now “regulating the governments.” When it comes to the banking crisis, he says that it has been with us for a long time and “might really change our lives in the near future.” He concludes that investors will eventually lose their freedom of choice in the market because we’re moving towards a cashless society. “It’s not our money, we don’t own it,” he says.

See also Inflation Alert! St. Louis Fed’s James Bullard backs two more hikes. Bullard would have central bank push interest rates up to 5.5%-5.75% range

See also Offend the Left with a Chocolate Bar, Professor -- Suspended! Crap on a "Pride" Flag -- Hate Crime

Excellent interview on the dystopian future we face with CBDC and more.



Guest Columnist

‘Hard Pass’: Here’s What’s In The Debt Ceiling Deal Republicans Are About To Nuke​

by Zero Hedge
May 28th 2023, 12:22 pm

Link: https://www.infowars.com/posts/hard...t-ceiling-deal-republicans-are-about-to-nuke/

At least 34 House GOP members will vote "no" on the debt ceiling deal as it currently stands.

After President Biden and House Speaker Kevin McCarthy (R-CA) struck a Saturday night deal to raise the debt ceiling, several Republicans outright rejected it before it could even be codified into a bill.

Here’s what’s in it;
  • The deal raises the debt ceiling by roughly $4 trillion for two years, and is consistent with the structure of budget deals struck in 2015, 2018 and 2019 which simultaneously raised the debt limit.
  • According to a GOP one-pager on the deal, it includes a rollback of non-defense discretionary spending to FY2022 levels, while capping topline federal spending to 1% annual growth for six years.
  • After 2025 there are no budget caps, only “non-enforceable appropriations targets.”
  • Defense spending would be in-line with what Biden requested in his 2024 budget proposal – roughly $900 billion.
  • The deal fully funds medical care for veterans, including the Toxic Exposure Fund through the bipartisan PACT Act.
  • The agreement increases the age for which food stamp recipients must seek work to be eligible, from 49 to 54, but also includes reforms to expand who is eligible.
  • Claws back “tens of billions” in unspent COVID-19 funds
  • Cuts IRS funding ‘without nixing the full $80 billion’ approved last year. According to the GOP, the deal will “nix the total FY23 staffing funding request for new IRS agents.”
  • The deal includes energy permitting reform demanded by Republicans and Sen. Joe Manchin (D-WV)
  • No new taxes, according to McCarthy.
Here’s McCarthy acting like it’s not DOA:

In the negotiations, Republicans fought for and achieved the most consequential work requirements in a generation.

This is a win for taxpayers → we are no longer going to borrow money from China to pay a work-capable adult without any dependents to sit at home on their couch. pic.twitter.com/9Qyw0UKTQa
— Kevin McCarthy (@SpeakerMcCarthy) May 28, 2023

Yet, Republicans who demanded deep cuts aren’t having it.
A $4 trillion debt ceiling increase?” tweeted Rep. Andrew Clyde (R-GA). “With virtually none of the key fiscally responsible policies passed in the Limit, Save, Grow Act kept intact?”

Hard pass. Hold the line.

A $4 trillion debt ceiling increase?

With virtually none of the key fiscally responsible policies passed in the Limit, Save, Grow Act kept intact?

Hard pass. Hold the line.
— Rep. Andrew Clyde (@Rep_Clyde) May 27, 2023

“Hold the line… No swamp deals,” tweeted Rep. Chip Roy (R-TX)

Hold the line.

No swamp deals. #ShrinkWashingtonGrowAmerica pic.twitter.com/VPBPeq5z0i
— Rep. Chip Roy Press Office (@RepChipRoy) May 27, 2023

“A $4 TRILLION debt ceiling increase?! That’s what the Speaker’s negotiators are going to bring back to us?” tweeted Rep. Dan Bishop (R-NC). “Moving the issue of unsustainable debt beyond the presidential election, even though 60% of Americans are with the GOP on it?”

A $4 TRILLION debt ceiling increase?!

That's what the Speaker's negotiators are going to bring back to us?

Moving the issue of unsustainable debt beyond the presidential election, even though 60% of Americans are with the GOP on it?

That must be a false rumor.
— Rep. Dan Bishop (@RepDanBishop) May 27, 2023

Rep. Keith Self tweeted a letter from 34 fellow House GOP members who are committing to “#HoldTheLine for America” against the deal.

I’m proud to stand with 34 of my House GOP Members as we #HoldTheLine for America! 🇺🇸 pic.twitter.com/yftLnm90vG
— Rep. Keith Self (@RepKeithSelf) May 25, 2023

“Nothing like partying like it’s 1996. Good grief,” tweeted Russ Vought, President of the Center for Renewing America and former Trump OMB director.

Nothing like partying like it’s 1996. Good grief. https://t.co/7QuzHx07Kk
— Russ Vought (@russvought) May 27, 2023

The deal adds $4 trillion to the debt, hands away all leverage to the Biden admin for rest of his term, in exchange for freezing/then growing the current woke & weaponized regime, with only 2 yrs of caps designed to fail. Conservatives should fight it with all their might.
— Russ Vought (@russvought) May 28, 2023


Guest Columnist

This is why a Central Backed Digital Currency is a Horrible Idea​

May 29, 2023 10:04 am by IWB

Link: https://www.investmentwatchblog.com...l-backed-digital-currency-is-a-horrible-idea/

NatWest Group PC, a U.K.-based bank, is asking its customers to explain why they’re withdrawing their cash.
According to its website, the bank explained that it is taking measures to protect its clients from scams. NatWest said that, if it finds the customer’s response to its question about the cash withdrawal unsatisfactory, it will ask them to provide supporting documentation.
“Our primary aim is to keep customers safe and secure, and our branches follow our processes carefully to achieve this. This will include asking you questions about the purpose of your cash withdrawal, and in some cases, for supporting documentation such as an invoice. This helps us validate the withdrawal as genuine and protect you against fraud and scams,” the bank said on its site.
The bank added that it will block customers from withdrawing cash if it believes there’s an issue.
See also China quickly expanding use of yuan in global trade as it seeks to dethrone US dollar as world’s top currency
See also REPORT FROM THE BLUE ZONES: County chair backed sex offender, scolded his victim for being uncomfortable.

This is nothing, with a centralized digital currency they can invalidate your money on a whim. You tweeted something they disagree with, sorry that paycheck you received is now invalid.


Guest Columnist

U.S. Food Production Has Taken A Very Dangerous Turn In The Wrong Direction​

June 1, 2023 by Michael

Link: http://endoftheamericandream.com/u-...a-very-dangerous-turn-in-the-wrong-direction/

If farmers and ranchers don’t produce enough food, we don’t eat. So we should always be very thankful for our hard working farmers and ranchers. Unfortunately, farms and ranches all over the United States have been hit by a string of disasters in recent months, and as a result food production has taken a turn for the worse. So does that mean that we should expect that there will soon be shortages of certain items? Unfortunately, it appears that is likely to be the case. For example, it is being reported that approximately 90 percent of Georgia’s peach crop for this year has been destroyed

Summer is around the corner, and in Georgia, summer means peaches.
But horticulturists at the University of Georgia say roughly 90% of the Peach State’s crop has been destroyed by bad weather and a warming climate.
The last time things were this bad was 1955, according to Lawton Pearson of Pearson Farm in Fort Valley, Georgia.
I really love a good peach.
But if you want to sink your teeth into some fresh peaches in the months ahead, they won’t be coming from Georgia
So don’t count on sinking your teeth into a peach from the Peach State anytime soon.
“Not Georgia peaches,” Pearson says. “I don’t think you’ll see Georgia peaches in the grocery store.”
Perhaps you are thinking that we will just eat more oranges instead.
Unfortunately, it is being projected that a combination of factors will cause Florida’s orange harvest to be 56 percent smaller this year
Florida’s citrus industry posted its worse harvest since 1937, which should give orange fans some pause at the supermarket.
Damage from the 2022 hurricane season, combined with the impact of citrus greening disease, is ravaging the Sunshine State’s orange crop.
This will likely cause citrus prices to skyrocket nationwide, as Florida farmers recorded its smallest orange harvest in 90 years, according to the state’s latest agriculture report.
The U.S. Department of Agriculture said in January that only 18 million boxes of Florida oranges would be on the market in 2023, a 56 percent drop from last year.
I think that there will still be Florida orange juice in the stores.
But I also think that it will cost a lot more.
Meanwhile, there is grave concern about the winter wheat harvest in the middle of the country.
At this point, the drought has been so bad that over one-fourth of all winter wheat in the state of Kansas might not even get harvested
Month after month without enough rain has made Kansas the epicenter of a stubborn drought covering parts of the Great Plains.
While the drought that plagued almost the entire western half of the U.S. last year has relented, it has only gotten worse in Kansas. The state is experiencing the most severe drought in the country and its worst in a decade.
If rains don’t come soon, more than one-quarter of the state’s wheat fields could be in such dismal conditions farmers don’t even harvest them, according to Kansas Wheat.
If you like to eat things made from wheat, this should greatly concern you.
At the same time, supplies of beef are becoming tighter as well because the size of the U.S. beef cow herd is now “the smallest since 1962”
Now, the U.S. beef cow herd is the smallest since 1962. Drought and high feed costs drove producers to send animals to slaughter instead of keeping them for breeding. Farmers who fatten cattle have gained leverage in sales negotiations over the meatpackers that dominate the market, such as Tyson Foods Inc (TSN.N), Cargill Inc (CARG.UL) and JBS USA (JBS.UL).
Over the past couple of years, I have written so many articles about the relentless megadrought that has plagued the western half of the country.
I warned that this endless drought would cause enormous problems for food production, and now that day has arrived.
The good news is that there is not going to be famine in the United States in 2023.
We are still going to have enough food to eat.
But without a doubt food supplies are getting tight, and famine has started to erupt in many of the poorest parts of the globe.
Of course food is not the only thing that is in short supply. It is being reported that drug shortages in the United States are “approaching record levels”
Thousands of patients are facing delays in getting treatments for cancer and other life-threatening diseases, with drug shortages in the United States approaching record levels.
Hospitals are scouring shelves for supplies of a drug that reverses lead poisoning and for a sterile fluid needed to stop the heart for bypass surgery. Some antibiotics are still scarce following the winter flu season when doctors and patients frantically chased medicines for ailments like strep throat. Even children’s Tylenol was hard to find.
We are in the process of transitioning from an era of plenty to an era of scarcity.
For most of us, going to the store and getting whatever we want has never been a problem.
But now conditions are rapidly changing, and the entire world is competing for steadily diminishing resources.
At the same time, global food production is being hit by drought, disease, natural disasters and incredibly crazy weather patterns.
As I detail in “End Times”, severe global famine is inevitable this century. No matter what choices are leaders make now, it is just a matter of time before global demand for food greatly exceeds global production of food.
Most of you that are reading this live in wealthy countries, and wealthy countries will have the resources to purchase most of the food that is actually produced.
But even though wealthier countries will fare relatively better than poorer countries, the truth is that everyone will suffer.
So I hope that you are preparing for the challenging times that are ahead, because they will shake our society to the core.


Guest Columnist

World Food Prices Jump Most In 18 Months​

SATURDAY, AUG 05, 2023 - 06:35 AM

Link: https://www.zerohedge.com/commodities/world-food-prices-jump-most-15-years/

Global food prices increased the most in 1.5 years as trade disruptions from the El Nino weather phenomenon battered agricultural-producing countries, and Russia's exit from a crucial UN-backed agriculture deal stoked supply concerns.
The Food and Agriculture Organization of the United Nations (FAO) reported Friday that the global food index, which tracks monthly changes in the international prices of globally-traded food commodities, averaged 123.9 in July, up 1.3% from the previous month.

The FAO Food Price Index's July print was the largest monthly gain since March 2022.

FAO explained the FAO Vegetable Oil Price subcomponent of the index was responsible for the monthly increase:
The increase was driven by a sharp jump in the FAO Vegetable Oil Price Index, which rose 12.1 percent from June after seven months of consecutive declines. International sunflower oil prices rebounded by more than 15 percent in the month, due mostly to renewed uncertainties surrounding the exportable supplies after the Russian Federation's decision to end implementation of the Black Sea Grain Initiative. World prices for palm, soy and rapeseed oils increased on concerns over output prospects in leading producing countries.
Also, the FAO All Rice Price Index increased 2.8% on the month and 19.7% on the year due to "India's 20 July prohibition of non-parboiled Indica exports fostered expectations of greater sales in other origins, amplifying upward pressure already exerted on prices by seasonally tighter supplies and Asian purchases," the report said.
This upward pressure on rice prices "raises substantial food security concerns for a large swathe of the world population, especially those that are most poor and who dedicate a larger share of their incomes to purchase food," FAO warned.
We noted in April and in early May, "El Nino Watch Initiated As Ag-Industry In Crosshairs" and "Global Rice Shortage Looms, Set To Be The Biggest In Decades" as a disruptive El Nino weather pattern wreaks havoc on the world's ag crops.
Rising food prices risk fueling social instability for the weakest emerging market economies.


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