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Ukraine war ‘will mean high food and energy prices for three years’

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posted on Apr, 26 2022 @ 05:45 PM
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Ukraine war ‘will mean high food and energy prices for three years.

Is Ukraine that vital to the world economy? I understand Europe's connection but worldwide for 3 years seems a bit pessimistic.



World Bank says biggest commodity shock since 1970s raises spectre of stagflation
Tue 26 Apr 2022 11.43 EDT
The war in Ukraine will result in expensive food and energy for the next three years, the World Bank has warned, intensifying fears that the global economy is heading for a rerun of the weak growth and high inflation of the 1970s.

In a gloomy analysis, the Washington-based development organization said there was a risk that persistently high commodity costs lasting until the end of 2024 would lead to stagflation – sluggish activity combined with strong cost of living pressures.

The Bank’s latest commodity markets outlook said that over the past two years the world had seen the biggest increase in energy prices since the 1973 oil crisis and the biggest jump in food and fertiliser prices since 2008. While the costs of energy and food were likely to retreat from their current levels, they were forecast still to be above the average for the past five years at the end of 2024.



posted on Apr, 26 2022 @ 05:46 PM
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a reply to: putnam6

It depends how long the war hawks want to see this conflict last.



posted on Apr, 26 2022 @ 05:50 PM
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originally posted by: vNex92
a reply to: putnam6

It depends how long the war hawks want to see this conflict last.

You mean Russia, ya hopefully they do the right thing..but they won't.



posted on Apr, 26 2022 @ 06:02 PM
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If this was oh-so bad, NATO would stop this BS in 24 hours 🥶

More control freak trash 🥶



posted on Apr, 26 2022 @ 06:13 PM
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a reply to: putnam6
I totally get where you are coming from with this. It's basically a question of if it's worth it economically. I don't think so and never did. So why is this charade going forth and forth?


+6 more 
posted on Apr, 26 2022 @ 06:15 PM
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a reply to: putnam6

I'd like to believe that things would be better if we dropped the sanctions because that means this is avoidable for the USA... I'd like to believe that, but I know better. The Ukraine and sanctions on Russia are just a manufactured convenient excuse to cover asses on a problem that is much, much more the fault of piss poor governing combined with the socialist #heads' great reset dreams.



posted on Apr, 26 2022 @ 06:16 PM
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It depends on how long they want to convince us it's all Russia's fault.

The prolonged drought we're experiencing is predicted to be even worse this year in farm country. Farmers are being forced to plant fewer acres because of it, as crop yield of staples like rice and wheat have continued to steadily decline.

Those big, fancy harvesters and other equipment are all computerized now; good luck getting repair parts.

There's a shortage of components for fertilizer this year, and a supply chain problem keeping it from getting to the farmers in time to plant their crops.

Pacific Railway mandated reductions in private rail cars, which means CF Industries is in a real bind trying to get their products, such as nitrogen fertilizers and diesel exhaust fluid (an emissions control product required for diesel trucks).

I'd like to know who has a choke hold around Pacific Railways neck, causing the mandates that are going to drastically effect the country's food supply.

If it was just one country, or one bad year it wouldn't be so bad but global food storage has been declining steadily.

It will be interesting to watch the harvest season and see how farmers get their crops to market this year.



posted on Apr, 26 2022 @ 06:18 PM
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a reply to: burdman30ott6Damn Straight friend, damn strait! Right on point.


edit on 26-4-2022 by INnEedOfgOD because: (no reason given)



posted on Apr, 26 2022 @ 06:35 PM
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a reply to: putnam6

I saw another article that said freight demand is nearing freight recession levels. Inflation must have already priced many consumers out of their normal level of consumption. I don't think we will make it for three more years before widespread civil unrest if this continues.
edit on 26 4 2022 by tamusan because: (no reason given)



posted on Apr, 26 2022 @ 06:43 PM
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Total bull#. Ukraine has nothing to do with the USA. The big corporations and the military industrial complex are what is causing inflation , food shortages , etc. if people still cannot see that there is a global NWO , then they are blind, stupid or just plain ignorant. We are in the midst of a revolution. We are either going to fight or be subjugated. Peace. a reply to: putnam6



posted on Apr, 26 2022 @ 07:19 PM
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originally posted by: vonclod

originally posted by: vNex92
a reply to: putnam6

It depends how long the war hawks want to see this conflict last.

You mean Russia, ya hopefully they do the right thing..but they won't.


Russia should never have invaded.

In 1962, during the Cuban missile crisis, during much better heads on both the US/Soviet sides came to a diplomatic agreement as opposed to all out war now

In 2022, Russia and Ukraine had the Minsk accords of 2014 that could have avoided this entire mess if Blinken had not gone to Ukraine to dynamite this deal and ensure war follows. Best way to cover for Biden malfeasance in Ukraine.



posted on Apr, 26 2022 @ 08:18 PM
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a reply to: putnam6

The US and even Argentina have enough arable land to supply the world without the former soviet territory's, the problem is getting the farmers to start planting and harvesting food crop's again instead of the likes or rape seed and other cash crop's.

There is ample petroleum still left that can supply our hydrocarbon need's as well such as the untapped areas of the North Sea off of the UK and also several other areas that have not been tapped because of political pressure.

As well as that there are ample alternative sources of energy should we decide to tap them.

But globally cheap Oil and Gas from Russia, Cheap wheat from Russia and the Ukraine are vitally important due to how we have trapped ourselves into becoming dependent upon them.

We are being programmed, the corporations are in control of the world and they are playing this conflict to there own agenda's.

Even before Russia decided to take back the Ukraine the likes of Bill Gates and several other western tycoon's were buying up farm land, why unless they knew this was going to happen, unless it was all planned?.

You will own nothing and be happy, social stress makes a public more willing to accept draconian policy's and it also makes they more thankful for the little they receive in there neo serfdom.



posted on Apr, 26 2022 @ 09:07 PM
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a reply to: putnam6

Being this was said by the world bank I assume they mean the world will experience higher food prices.

But hard for me to take seriously when Australia produces and exports four times more food than we consume each year.



posted on Apr, 26 2022 @ 09:41 PM
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You guys do know that the cost of the oil at the rigs and the cost of processing the oil has not changed that much. It is brought into speculation and the rich get richer...not the stock holders of the oil and gas corporations. The problem is in the big profits of those investing in it, bringing the price up from maybe thirty eight bucks a barrel to over a hundred bucks a barrel. That is a lot of profit for some that only bid on paperwork and never touch the oil. Yes, it does cost a little more to process it into gas now, maybe a buck a barrel more than it was before Biden took over and changed it back so his friends and contributors could make more on the barrels. Sure some of the people high in those corporations do get into speculation and make megabucks...but that profit is theirs, not the corporations.

I thought they fixed that under Trump so people could not rip off the general public. Must have been an executive order that Biden removed by executive order or something.



posted on Apr, 26 2022 @ 10:07 PM
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edit on Tue Apr 26 2022 by DontTreadOnMe because: (no reason given)



posted on Apr, 27 2022 @ 07:33 AM
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Russia and Ukraine between them make up about a quarter of worldwide grain exports .

Disruption to that is going to impact food prices but I would guess far less in US and Western Europe where less reliant and raw materials make up a maller % of retail prices.



posted on Apr, 27 2022 @ 09:01 AM
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It at best just smells like never letting a good crisis go to waste, at its worst, we have leaders forcing a lesser quality of life on its citizens. All so it can fund and fight a war a lot of Americans want no part of. Over 1 Billion so far from the US only, don't tell me there aren't some politicians making bank on a Free Ukraine.

What worries me the most is we got people thinking if we just supply Ukraine with more heavy and high-tech weapons, we can defeat Russia.

How much did the goalposts move in 50 days?



posted on Apr, 27 2022 @ 10:55 AM
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a reply to: vNex92




It depends how long the war hawks want to see this conflict last.





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