One of the
banner headlines in the FT of London this morning exclaims that high fertilizer
prices was threatening a food crisis in Africa.
I have been warning about the food crisis
facing North Africa and the Middle East for months. We have the problem of
Ukraine grain deliveries being slow and behind schedule.
Something else came up that caught me by
surprise. President Macron convinced President Putin to allow international
inspectors to come to the Zaporizhzhia Nuclear reactor. The Russians are
occupying the reactor. They fire artillery shells at the Ukrainian armed
forces. They know that the Ukrainian artillery will dare not fire back.
Putin was complaining that he was not able
to ship his grain products and components for fertilizer. These items are not
covered by sanctions. I have a feeling that a deal was made to send inspectors
to the nuclear reactor in return for assurances that Russian agricultural
products and fertilizer components would be allowed to be exported without
hindrances.
We have a big problem this year with a shortage of food. Please take this seriously!
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