Posted on 03/14/2022 7:49:13 PM PDT by blam
Russia’s invasion of Ukraine disrupted the global food supply chain as the prospect for dwindling stockpiles catapulted food prices to record highs. Governments worldwide are beginning to enforce protectionist measures to safeguard domestic food supplies.
According to a memo signed by Javier Preciado Patino, the secretary for agriculture markets, Argentina made moves this weekend to increase control over local farm goods by suspending soybean meal and oil for export.
The temporary halt by the world’s top exporter of processed soy products comes after Russia invaded Ukraine that disrupted global food markets. Following the news from Argentina, soy meal futures prices jumped more than 2.2%.
Since late February, Argentina has intervened in food markets with a subsidy for the domestic wheat industry similar to earlier policies for vegetable oils to mitigate soaring costs for consumers. UN expects global food prices could increase another 8%-20% from here.
“The government typically puts a block on the export register, known as DJVE, before increasing taxes on shipments in order to stop farmers from preempting the hike with a flood of selling,” Bloomberg said, adding there’s speculation on commodity desks that Argentina will increase taxes on soy meal and oil to 33% from 31%.
Soy traders tell Reuters, “the sudden halt in Argentine supplies will steer importers toward the United States and Brazil for replacement supplies.”
“Buyers have no choice but to reduce consumption or go to alternative sources for supplies.
“We expect higher demand for U.S. meal. In Southeast Asia, buyers such as Indonesia, Malaysia and Thailand were heavily reliant on the Argentine meal,” said one Singapore-based trader.
This all comes down to that Russia’s invasion of Ukraine has sparked protectionist measures not just by Argentina but also in other countries who are nervous about local supplies and soaring prices.
Steve Mathews, head of strategy at Gro Intelligence, told Bloomberg that protectionist measures could cause international prices to rise even higher due to tightening global supplies. “It adds greatly to the inflationary concerns,” he said.
Add Argentina to the growing list of countries, including Russia, Ukraine, Moldova, Hungary, and Serbia, banning exports of farm goods.
Eric Peters, CIO of One River Asset Management, warned the current disruption of the global food supply chain could spark a global “great famine.”
Ay de mi, what a mess.
How about some more Soy Beans Mr. Taggart?
Our “Betters” have broken the world.
To be fair, “mess” was the default. If Argentina was ever not a mess, it was just a passing fancy. And normal people don’t eat soy, anyway.
But seriously, you’re right. We’ve got adult children moving back home - “Sell your desk, bring your bed.” - and I feel like it’s more a useful clan-gathering than a nuisance. Whatever hits, we’ll weather it better as a united front.
https://freerepublic.com/focus/f-bloggers/4043686/posts
Hungary also. If you go there, you’ll encounter fields of sunflower and wheat fields for as far as the eye can see.
Oh and another country, a much larger one, China:
https://freerepublic.com/focus/f-news/4024969/posts
And another!
https://freerepublic.com/focus/f-news/4045282/posts
And another!
https://freerepublic.com/focus/f-bloggers/4046624/posts
Let’s go Brandon!
IF (and that’s a BIG ‘IF’) we had an actual LEADER for America, I’d say - BRING IT!
Let’s close all the borders and produce our own foodstuffs right HERE on American Soil, trade with Canada and Mexico and screw the rest of ya!
Let’s see who’s Last Nation Standing, shall we? ;)
Could it be done? Not sure. We import WAY too much in the way of machinery, parts, fuel, fertilizers, etc. It would take a TOTAL mind-reset for the gawd-awful ‘Consumer Nation’ we’ve become. :(
Funny how OUR OWN GOVERNMENT sold us down the pike DECADES ago ‘outsourcing’ so many of our own home-grown NEEDS that we could EASILY manufacture/grow/build/produce ourselves!
*SPIT*
Soy gives men “bitch tits”.
> Soy gives men “bitch tits”.
The politically correct usage is “moobs”.
If only someone would have invented a manziere...
Lol!
Why are these things happening?
Who caused them?
When did it start?
What caused this?
And the result of the answers to those questions above? Putin.
Normal people eat a lot of soy indirectly. It is the number two ingredient in animal feeds for chickens and hogs, and a good portion of finisher cattle feed lot feeds. It is also a main ingredient in dog food too look at the ingredient list of kibble. Soy like corn is in pretty much everything. It’s the cheapest protein source on the planet lb for lb.
There’s soy in Whoppers and Big Mac’s too.
Makes me happy I’m not Bengali or Ibo or Ethiopean or Chinese or Ukrainian or Irish or Indian......
Two things I won’t eat...we have Whataburger that uses 100% real beef same for twisted root where you can get grassfed bison,elk,venison,kangaroo and sometimes camel the first three are on the menu full time. The pinnacle of DFW burger goodness is Maple Motor burgers they are a custom blend of three cuts of beef with an overall 70/30 ratio meat to fat they get the diaper wrap when served. Don’t tell your cardiologist but they are stupid good. Get them pink, yellow and with.
They only cook them two ways pink or burnt, yellow = mustard, with = cheese. Order right or they will skip over the person with a line out the door and around the building from 1030 till well past 2 pm getting skipped means back of the line.
Second the motion. I conclude with ever greater clarity that the "non-essential" workers in the pandemic were all upper "caste" politicians. who should have been sent home.
Remember the five hundred+ days that Belgium went without a government, and all went well?
Good. We have our "cheapest protein" converted into beef, pork, venison, and more. All those meat converters are delicious, especially grilled over an open "global warming" device.
You’re right.
(We have cats.)
Exactly, feed cheap soy to pigs that you cut the nuts off already then eat the pigs thus no moobs on humans. Male humans should avoid soy like the plague. There is a growing business to turn food / organic wastes into high quality protein via black soldier fly larva this is perfect proteins for chickens and fish , hogs do well on them as well. The food wastes are for most purposes free for anyone willing to haul it away. It’s win win the landfills don’t get overloaded with organics that then rot into flammable methane gas while taking up valuable space and increasing the leach rates. The waste of the fly larva is high quality compost ready for use in agriculture with a side product of complete protein at 60% per gram of weight.
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