by Michael Snyder,The Economic Collapse Blog:
Nobody is going to be able to save the spring planting season in the northern hemisphere now, and that is really bad news because according to the UN the number of people in the world experiencing acute hunger was already at an all-time high even before the war began. A historic global food crisis has been escalating for years, and now farmers all over the northern hemisphere either can’t get the nitrogen fertilizer that they desperately need or they are paying much more for it. As a result, global food prices will start rising dramatically once harvest season rolls around, and in many impoverished nations there simply won’t be enough food for everyone.
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During normal times, approximately one-third of all globally-traded nitrogen fertilizer travels through the Strait of Hormuz, but right now it can’t get out of the Persian Gulf thanks to the Iranians. Unfortunately, if that nitrogen fertilizer doesn’t get into the hands of farmers in the northern hemisphere within a certain period of time they willcompletely miss the application window…
The Hormuz Strait carries roughly one-third of global fertilizer trade. If farmers miss the application window, no amount of catch-up planting can recover the loss. The International Grains Council estimates cumulative global wheat and coarse grain output could fall 53 million tons below last season, a shortfall larger than Ukraine’s entire annual grain export volume in a typical year.
According to a former co-chair of the White House’s Supply Chain Disruptions Task Force, the spring fertilizer application window in the northern hemisphere endsnext month…
Spring fertilizer application in the Northern Hemisphere runs through June. Parts of Africa are entering the primary planting season now — a critical window for the continent’s most food-insecure populations. A missed window doesn’t delay a harvest — it eliminates it. The shortfall will be invisible until it materializes in spiking prices and empty shelves next fall.
This is the story the Hormuz blockade coverage is missing. The crisis isn’t just raising energy prices — it is breaking food supply chains. The world is facing a slow-motion catastrophe that will not announce itself until it is too late.
We really are facing a slow-motion catastrophe.
For example, we are being told that fertilizer shortages and high fuel costs have created a“critical threat”to global rice supplies…
Source: SGT Report