Ukrainian President Volodymyr Zelenskiy met with U.S. lawmakers on Capitol Hill on Tuesday to make a last-ditch plea to keep military support flowing as he battles Russia, but faced a skeptical reception from some Republicans.
before the war Ukraine made up 9% of global wheat exports, 15% of maize and 44% of sunflower oil.
The Russian invasion is also affecting food prices globally. So those that don’t care about the Ukrainians (which they should but hey let’s explore the heartless approach to this) but do care about inflation should also want to support Ukraine in getting a speedy end to this war. This is to ensure that Russia does not create any further large scale disruptions:
in the first couple of months after Russia invaded, “food prices were quite high and quite volatile. Wheat futures jumped almost 60%. Corn and soybeans were up 15 to 20% in the first week or so.”
while food prices reverted to pre-invasion levels for much of the past year, those levels are still a record high compared to the last decade.
In other words, the world remains in a somewhat precarious situation where, if just one thing goes wrong — a worsening twist to the war in Ukraine, a bad harvest in some important supplying nation – global food prices could spike.
LIE-DEN is WHOLLY RESPONSIBLE for the PRICES!!! You stupid libtards don’t understand. When the PRICES go UP it is because BABY EATING DEMONCRATS are making the ECONOMY WORSE. BUT when the prices go DOWN it’s because GOD FEARING REPUBLICANS are FIXING the MESS the DEMONCRATS left.
Some may seriously joke about that “Oh I don’t use X foodstuff, it doesn’t directly affect me”
Demand for food is quite inelastic. If folks who use sunflower seed oil can’t get any, they’ll flock to canola oil, peanut oil, or whatever other oil is available and drive it up in price.
Same deal with wheat and other crops.
Heck, we saw the same thing during the GPU shortage! People who would have bought mid or high end GPUs were priced out, so cards like the GTX 1030 we’re selling for $250!
Even the GTX 3050 and RX 6400 should have been bottom of the barrel $90 to $150 cards but ended up in the $250 to $300 range instead
You don’t have to be Ukrainian or even be in Europe to be affected by what is happening.
https://www.reuters.com/world/europe/ukraine-could-fail-meet-future-wheat-demand-if-attacks-continue-un-agency-warns-2023-11-21/
The Russian invasion is also affecting food prices globally. So those that don’t care about the Ukrainians (which they should but hey let’s explore the heartless approach to this) but do care about inflation should also want to support Ukraine in getting a speedy end to this war. This is to ensure that Russia does not create any further large scale disruptions:
https://www.npr.org/sections/goatsandsoda/2023/02/27/1159630215/the-russia-ukraine-wars-impact-on-food-security-1-year-later
Your facts don’t work. They’re being told Biden is at fault for price increases
LIE-DEN is WHOLLY RESPONSIBLE for the PRICES!!! You stupid libtards don’t understand. When the PRICES go UP it is because BABY EATING DEMONCRATS are making the ECONOMY WORSE. BUT when the prices go DOWN it’s because GOD FEARING REPUBLICANS are FIXING the MESS the DEMONCRATS left.
Clearly the solution is to fund Ukraine extra hard so we can get like, 5x the sunflower oil as previously (in reference to Sunflower Granny)
Some may seriously joke about that “Oh I don’t use X foodstuff, it doesn’t directly affect me”
Demand for food is quite inelastic. If folks who use sunflower seed oil can’t get any, they’ll flock to canola oil, peanut oil, or whatever other oil is available and drive it up in price.
Same deal with wheat and other crops.
Heck, we saw the same thing during the GPU shortage! People who would have bought mid or high end GPUs were priced out, so cards like the GTX 1030 we’re selling for $250!
Even the GTX 3050 and RX 6400 should have been bottom of the barrel $90 to $150 cards but ended up in the $250 to $300 range instead