This is big: for the first time in a long time the grain production prognosis is lower than the consumed amount.
Big grain producers/surplus food producers are America, Australia and Canada and they are experiencing a bit of drought. Big grain importers are Arab/middle eastern countries and heavily populated Asian ones. And although Asian countries usually export other food items Arabs don't.
High grain prices = higher unrest.
This will especially affect the Arab countries. It did in the beginning of the ''Arab spring' as well. Usually these countries are reliant on their dictators/government subsidizing grains for the populations, they do this with oil money. But oil is cheap and many of the dictators are already gone or have difficulty maintaining power.
Expect:
- new conflicts in middle eastern, heavily populated Asian countries and a number of African countries. (when countries get more unstable it causes enemy countries to try to further destabilize them, aka Arab spring)
- Increased deforestation
- More migration and refugees to especially Europe. which could create a lot of instability there due to welfare state collapsing, Euro collapsing, nationalistic parties gaining power, in short: it will fasten trends already happening.
Cheers,
Note: There will be no food shortage since there is some in stock, but there will be a higher grain price.
>>135490162
seems interesting, is there any literature that'd explain this subject in more detail suitable for a newb?
>>135490162
>ONE BILLION REFUGEES
#openborders
#saverefugees
#yeswhitegenocide
#refugeeswelcome
Nah, our grain production grows and we`ll replaces the overprised western producers. Expect west getting buthurt and try new sanctions, just like they do with recent energy ones since cant compete with our gas prices on Eu market.
https://www.ft.com/content/422a8252-2443-11e7-8691-d5f7e0cd0a16
>>135494544
Forecast in the OP includes Russian production.
http://www.igc.int/en/downloads/gmrsummary/gmrsumme.pdf