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Old 19-10-21, 10:03   #1
 
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Movies World Food Crisis: NORD STREAM Explosions Caused by Gross Sabotage,

US Ports Introduce Emergency Supply Measures

BBC News 19 OCT 2021.






President Biden has announced that two of the country's busiest ports can operate around the clock, to ease a backlog in the supply chain.


The backlog of cargo ships at the busiest port complex in the US - images of which have come to define the global supply chain crisis - is unlikely to return to normal before next summer.

The executive director of the Port of Long Beach in California says plans to switch to 24/7 operations, pushed by President Biden this week, will improve the crisis in the short term but that logistics globally need a rethink.

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Old 21-04-22, 06:59   #2
 
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Update re: Global Food SHORTAGE: Ukraine & Russia Sign Deals to Allow Grain Exports to Resume

World Faces Hunger Catastrophe From Invasion

Ukraine War Catastrophic For Global Food


BBC News 21 APR 2022.








The war in Ukraine will deliver a shock to the global supply and cost of food, the boss of one of the world's biggest fertiliser companies has said.




Yara International, which operates in more than 60 countries, buys considerable amounts of essential raw materials from Russia.

Fertiliser prices were already high due to soaring wholesale gas prices.

Yara's boss, Svein Tore Holsether, has warned the situation could get even tougher.

"Things are changing by the hour," he told the BBC.

"We were already in a difficult situation before the war... and now it's additional disruption to the supply chains and we're getting close to the most important part of this season for the Northern hemisphere, where a lot of fertiliser needs to move on and that will quite likely be impacted."

Russia and Ukraine are some of the biggest producers in agriculture and food globally.

Russia also produces enormous amounts of nutrients, like potash and phosphate - key ingredients in fertilisers, which enable plants and crops to grow.

"Half the world's population gets food as a result of fertilisers... and if that's removed from the field for some crops, [the yield] will drop by 50%," Mr Holsether said.

"For me, it's not whether we are moving into a global food crisis - it's how large the crisis will be."





Svein Tore Holsether said fertiliser prices were already high due to soaring gas prices



His company has already been affected by the conflict after a missile hit Yara's office in Kyiv. The 11 staff were unharmed.

The Norwegian-based company isn't directly affected by sanctions against Russia, but is having to deal with the fall-out. Trying to secure deliveries has become more difficult due to disruption in the shipping industry.

Just hours after Mr Holsether spoke to the BBC, the Russian government urged its producers to halt fertiliser exports.

He pointed out that about a quarter of the key nutrients used in European food production come from Russia.

"At the same time we're doing whatever we can do at the moment to also find additional sources. But with such short timelines it's limited," he said before the news emerged.

Analysts have also warned that the move would mean higher costs for farmers and lower crop yields. That could feed through into even higher costs for food.

Nutrients aren't the only factor to consider, either.

Huge amounts of natural gas are needed to produce ammonia, the key ingredient in nitrogen fertiliser. Yara International relies on vast quantities of Russian gas for its European plants.

Last year, it was forced to temporarily suspend production of about 40% of its capacity in Europe because of the spike in the price of wholesale gas. Other producers also cut supplies.

Combined with higher shipping rates, sanctions on Belarus (another major potash supplier) and extreme weather - this prompted a big jump in fertiliser prices last year, adding to a surge in food prices.

The company says it's making day-to-day evaluations on how to maintain supply and that it is too early to say if more shutdowns may be on the cards.


It acknowledges it has a "very strong obligation" to keep production running at what it describes as a critical point.

But Yara's boss says the world must, in the long-term, reduce its dependency on Russia for global food production.



"On the one hand, we're trying to keep fertiliser flowing to the farmers to keep up the agricultural yields.

"At the same time... there has to be a strong reaction. We condemn the Russian military invasion of Ukraine so this is a dilemma and one that frankly is very difficult."

Climate change and growing populations had already been adding to the challenges the global food production system faces - all before the pandemic started.

The Yara International chief executive describes the war as "a catastrophe on top of a catastrophe", highlighting just how vulnerable to shocks the global food supply chain now is.

It will increase food insecurity in poorer countries, he adds.

"We have to keep in mind that in the last two years, there's been an increase of 100 million more people that go to bed hungry... so for this to come on top of it is really worrying."

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Old 17-05-22, 08:41   #3
 
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Important re: Global Food SHORTAGE: Ukraine & Russia Sign Deals to Allow Grain Exports to Resume

Bank of England Governor Gives Apocalyptic Warning About Food Prices Due to Ukraine War

Andrew Bailey, the governor of the Bank of England, said he sounded 'rather apocalyptic' about the risk of foods like wheat and cooking oil being produced in Ukraine but unable to get out

Daily Mirror 17 MAY






The governor of the Bank of England today gave an "apocalyptic" warning that food supplies could tighten and prices soar due to the war in Ukraine.



Andrew Bailey used the eye-popping phrase as he admitted the situation is “very, very difficult” as inflation soars.

And despite talks on whether to use interest rate rises to bring inflation under control, Mr Bailey admitted “there’s not a lot we can do about 80% of it”.

The normally reserved Bank chief said “Ukraine and Russia is the big risk in a way," including the risk of a further energy price shock if gas and diesel supplies are cut off.

Speaking to the Commons Treasury Committee he added: “I’m afraid the one I’m going to sound, I guess, rather apocalyptic about, is food

“So I was in Washington at the IMF World Bank Spring meeting… we had the Ukrainian finance minister there… I have to tell you I think this is a big concern.

“Because I think two things the finance minister said - one is Ukraine does have food in store but it can't get it out at the moment.

“Two, while he was optimistic about crop planting, as you know Ukraine is a major supplier of wheat and… cooking oils… we have no way of shipping it out as things stand and it is getting worse.

“That is a major worry - and it’s not just I have to tell you a major worry for this country, it is a major worry for the developing world as well.

“Sorry for being apocalyptic for the moment, but that’s a major concern.”





Bank of England governor Andrew Bailey giving evidence to MPs today



It came as he blasted claims he was “asleep at the wheel” over inflation by claiming: “We can’t predict things like wars.”

Mr Bailey said critics had the benefit of “hindsight” as he was confronted with figures showing runaway inflation of 7% with the rate tipped to hit 10% - despite the Bank’s task of keeping it to 2%.

Committee chairman Mel Stride told him: “The ability of the Bank to forecast inflation seems to have been rather amiss for some period of time.”

Telling him that critics accused the Bank of “being asleep at the wheel”, Mr Stride told the Governor they believed “you should have done more on the monetary side far earlier ahead, got on top of inflation, had you been smarter at what you had done”.

Mr Bailey hit back: “I do see comments around hindsight.”






“We can’t predict things like wars.”, he said. Pictured: Ukrainian firefighters in Lugansk region on May 7


Pointing to supply side “shocks” such as shipping backlogs, China’s “zero-Covid” policy and Russia’s invasion of Ukraine, he told MPs: “We can’t predict things like wars, that’s really in our power - not sure it's anybody's power, really.”


Discussing factors the Bank uses when looking at the economy, he said: “The world wheat prices has gone up just under 25% since I think we were here at the last hearing.

“So we use those prices, and of course those prices will therefore include a view of what could evolve.

“But I have to tell you based on what on what we’ve seen over the last year - and going back to our earlier discussion - there’s a lot of uncertainty, a lot of uncertainty around this situation.”

He added natural gas spot prices have fallen over the last month or so but forward prices - which the energy bills cap is based on - have not.

Appearing to predict another big rise in bills on October 1, he said: “I’m afraid we’ve got a leg up in that later this year”.

He added: “It is very very - more than uncomfortable, I’ll try and think of a word that’s even more severe than that - it’s a very very difficult place for us to be in.

“To forecast 10% inflation and then say… there’s not a lot we can do about 80% of it.

“I can tell you, it’s an extremely difficult place to be. We have to recognise the reality of the situation we face.”


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Old 04-07-22, 05:39   #4
 
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Red Arrow re: Global Food SHORTAGE: Ukraine & Russia Sign Deals to Allow Grain Exports to Resume

Apocalyptic Warning About Food / Cooking OIL / Petrol Supply

Sri Lanka Energy Minister Warns Petrol Stocks About to Run DRY

Sri Lanka's energy minister has issued a stark warning over the country's fuel stocks as it faces its worst economic crisis in more than 70 years.

BBC News 4 JUL 2022.









On Sunday, Kanchana Wijesekera said the nation only had enough petrol left for less than a day under regular demand.

He also said its next petrol shipment was not due for more than two weeks.



Last week, Sri Lanka suspended sales of petrol and diesel for non-essential vehicles as it struggles to pay for imports like fuel, food and medicines.

Mr Wijesekera told reporters that the country had 12,774 tonnes of diesel and 4,061 tonnes of petrol left in its reserves.

"The next petrol shipment is expected between the 22nd and 23rd [of July]," he added.


A shipment of diesel is expected to arrive at the weekend, however Mr Wijesekera warned that the country does not have enough money to pay for planned fuel and crude oil imports.

He said Sri Lanka's central bank could only supply $125m for fuel purchases, far less than the $587m needed for its scheduled shipments.

Mr Wijesekera added that the country owed $800m to seven suppliers for purchases it made earlier this year.

It came after Sri Lanka banned sales of fuel for private vehicles until next week.

Experts believe it is the first country to take the drastic step of halting sales of petrol to ordinary people since the 1970s oil crisis, when fuel was rationed in the US and Europe.

The island nation of 22 million people is facing its worse economic crisis since gaining independence from the UK in 1948 as it lacks enough foreign currency to pay for imports of essential goods.

Acute shortages of fuel, food and medicines have helped to push up the cost of living to record highs in the country, where many people rely on motor vehicles for their livelihoods.

Last Thursday, an International Monetary Fund team concluded a fresh round of talks with Sri Lanka over a $3bn (£2.5bn) bailout deal.

While no agreement has been reached yet, the team said in a statement that it had made "significant progress on defining a macroeconomic and structural policy package".

It added that it had "witnessed some of the hardships currently faced by the Sri Lankan people, especially the poor and vulnerable who are affected disproportionately by the crisis".

The cash-strapped country has also sent officials to the major energy producers Russia and Qatar in a bid to secure cheap oil supplies.




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Old 23-07-22, 04:27   #5
 
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Thumbs Up Re: Global Food SHORTAGE: Ukraine & Russia Sign Deals to Allow Grain Exports to Resum

Ukraine War: Deal Signed to Allow Grain Exports to Resume by Sea

Ukraine and Russia Have Signed "Mirror" Deals Which Will Allow Kyiv to Resume Exports of Grain Through The Black Sea.


BBC 23 JUL 2022


The agreement will allow millions of tonnes of grain, currently trapped in Ukraine by the war, to be exported.

The world shortage of Ukrainian grain since Russia's 24 February invasion has left millions at risk of hunger.



However, Kyiv refused to sign a direct deal with Moscow, and warned "provocations" would be met with "an immediate military response".

Both sides attended the signing ceremony in Istanbul but did not sit at the same table. Russia's Defence Minister Sergei Shoigu signed Moscow's deal first, followed by Ukrainian Infrastructure Minister Oleksandr Kubrakov signing Kyiv's identical agreement.

The deal - which took two months to reach - is set to last for 120 days, with a co-ordination and monitoring centre to be established in Istanbul, staffed by UN, Turkish, Russian and Ukrainian officials. It can be renewed if both parties agree.

The blockade of Ukraine's grain has caused a global food crisis with wheat-based products like bread and pasta becoming more expensive, and cooking oils and fertiliser also increasing in price.

The US called on Russia to act quickly, with White House spokesman John Kirby saying it was necessary "to prevent the world's most vulnerable from sliding into deeper insecurity and malnutrition".

Mr Shoigu told a news conference earlier the deal might allow "the solutions to start this process in the coming days".

"I'm talking not only about beginning the export of agricultural products from Ukrainian ports but clearly also work in this direction on the export of agricultural products and fertilisers from Russian ports," he added.


According to diplomats, under the terms of the deal:

Russia will not target ports while shipments are in transit
Ukrainian vessels will guide cargo ships through waters that have been mined
Turkey - supported by the United Nations - will inspect ships, to allay Russian fears of weapons smuggling
Russian exports of grain and fertiliser via the Black Sea will be facilitated.



UN Secretary General Antonio Guterres told the BBC's Orla Guerin it was probably the most important thing he had done in his time heading the international body.

"Today, there is a beacon on the Black Sea," he told the audience gathered in Istanbul. "A beacon of hope."



Just the prospect of unblocking more than 20 million tonnes of Ukrainian grain led to a 2% drop in wheat prices on Friday.

In his Friday night address, Ukraine's President Volodymyr Zelensky confirmed the country had about $10bn (£8.3bh) worth of grain to sell.

However, he also warned Moscow "could engage in provocations, attempts to discredit the Ukrainian and international efforts. But we trust the United Nations", saying it was up to the UN to guarantee the deal.

But Mr Guterres admitted to the BBC that the UN had no means of punishing Russia should it breach the deal - but added it would be "an absolutely unacceptable scandal and the whole international community would react in a very strong way".

Mr Shoigu had assured reporters after signing the deal that Russia had "taken on the obligations" under the deal, and they would "not take advantage of the fact that the ports will be cleared and opened".

Russia has always denied blockading Ukraine's ports - it blames Ukraine for laying mines at sea and Western sanctions for slowing Russia's own exports.

In a piece aimed at newspapers in Africa, Foreign Minister Sergei Lavrov blamed the West and Ukraine for the "absolutely groundless" allegations. He praised the "balanced position of the Africans regarding what is happening in Ukraine and around it".

Ukraine, however, says the Russian navy prevents it shipping grain and other exports and accuses Russian occupation forces of stealing grain from Ukrainian farms.


Chart showing countries dependent on Ukrainian grain exports







The grain export deal will also come as a big relief to the Horn of Africa, the BBC's Anne Soy says from Nairobi, Kenya. The region is currently facing serious food shortages caused by drought, and exacerbated by the Covid-19 pandemic, a rare locust invasion and the war in Ukraine.

Samantha Power, the US development agency's administrator, said the deal was "an extremely important piece of a puzzle" in solving the region's crisis.

Meanwhile, Turkey's President Recep Tayyip Erdogan - who has played a crucial role in negotiations - said he hoped the deal might be the first step towards bringing the war to an end.

"This joint step we are taking with Ukraine and Russia will hopefully revive the path to peace," he said.

Mr Guterres was less positive, saying: "At the present moment, I see no conditions for a peace process."
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Old 01-09-22, 08:50   #6
 
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Update re: SHORTAGE: PUTIN -Europe Can FREEZE- Threatens to Cut Gas & Oil Supplies

Nord Stream 1: Russia Shuts Major Gas Pipeline to Europe

The Russian state-owned energy giant, Gazprom, said the restrictions on the Nord Stream 1 pipeline would last for the next three days.

BBC 1 SEP 2022




Russia has completely halted gas supplies to Europe via a major pipeline, saying repairs are needed.




Russia has already significantly reduced gas exports via the pipeline.

It denies accusations it has used energy supplies as a weapon of war against Western countries.

The Nord Stream 1 pipeline stretches 1,200km (745 miles) under the Baltic Sea from the Russian coast near St Petersburg to north-eastern Germany.

It opened in 2011, and can send a maximum of 170 million cubic metres of gas per day from Russia to Germany.

The pipeline was shut down for 10 days in July - again for repairs, according to Russia - and has recently been operating at just 20% capacity because of what Russia describes as faulty equipment.

The president of Germany's network regulator has said the country will be able to cope - if Russia resumes delivery in the coming days.

"I assume that we will be able to cope with it," Klaus Mueller told Reuters. "I trust that Russia will return to 20% on Saturday, but no one can really say."

But German Economy Minister Robert Habeck told the Financial Times that the move has already forced some German companies to stop production, a development he said was "alarming".

"It's not good news, because it can mean that the industries in question aren't just being restructured but are experiencing a rupture - a structural rupture, one that is happening under enormous pressure," Mr Habeck said.

European leaders fear Russia could extend the outage in an attempt to drive up gas prices, which have already risen sharply in the past year.

However, today's announcement was not expected to impact prices immediately. The UK's main natural gas price was in fact down by more than 15% on markets, as of 14:00 BST on Wednesday.

---- Can the world cope without Russian oil and gas?


The steep rise threatens to create a cost of living crisis over the winter months, potentially forcing governments to spend billions to ease the burden.

On Tuesday, French Energy Transition Minister Agnes Pannier-Runacher accused Russia of "using gas as a weapon of war".

She was speaking after Gazprom said it would suspend gas deliveries to the French energy company Engie.

But Russian President Vladimir Putin's spokesman has rejected the accusations - and insisted that Western sanctions have caused the interruptions by damaging Russian infrastructure.

He insisted that that "technological problems" caused by sanctions are the only thing preventing Russia from supplying gas via the pipeline, without specifying what the problems were.

The most recent controversy has been over a turbine which arrived in Germany after being repaired in Canada and which Russia refused to take back, arguing it was subject to the Western sanctions.
Germany, however, denies this.


Earlier this month, Economy Minister Habeck said the pipeline was fully operational and said there were no technical issues as claimed by Russia.

Earlier this week, EU Commission President Ursula von der Leyen promised to intervene in energy markets, telling a conference in Slovenia that they are "no longer fit for purpose".

"We need a new market model for electricity that really functions and brings us back into balance," she said.

Before the conflict, Germany had supported, though not certified, the €10bn (£8.4bn) Nord Stream 2 pipeline - which runs parallel to its namesake - but halted operations after Russia sent troops into Ukraine in February.

Last week, the BBC revealed that Russia has been burning off an estimated $10m (£8.4m) worth of gas every day at a plant near the Finnish border.


Map showing the route of the Nord Stream pipelines between Russia and Germany.



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Old 08-09-22, 02:51   #7
 
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Movies re: World Food Crisis: NORD STREAM Explosions Caused by Gross Sabotage,

Putin Threatens to FREEZE West by Cutting Gas and Oil Supplies if Price Caps Imposed

Vladimir Putin has threatened to cut off energy supplies if price caps are imposed on Russia’s oil and gas exports.

BBC News 8 SEP 2022








Speaking at an economic forum in Vladivostok in Russia's far east, the president said Russia 'will not supply anything at all if it contradicts our interests ... We will not supply gas, oil, coal, heating oil - we will not supply anything'.



Putin also claims the developing world has been 'cheated' by a landmark grain deal designed to alleviate a food crisis.

Russia-Ukraine war: Liz Truss pledges ‘full backing’ to Ukraine; Russian colonel ‘killed in car bombing’ – latest ► https://www.theguardian.com/world/liv...


*** Putin says Truss victory in Tory leadership vote ‘far from democratic’


Gas prices soar and pound and euro fall as Russia shuts Nord Stream pipeline


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Old 30-10-22, 07:09   #8
 
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Movies re: World Food Crisis: NORD STREAM Explosions Caused by Gross Sabotage,

Fears of World Food SHORTAGE as Russia Says it is Pulling Out of Key Ukraine Grain Deal

ITV News 30 Oct 2022


Russia is pulling out of a vital UN-brokered deal that had seen more than nine million tonnes of grain exported from Ukraine and had brought down global food prices.

The country’s defence ministry cited an alleged Ukrainian drone attack against Russia’s Black Sea Fleet ships off the coast of occupied Crimea on Saturday morning as the reason for the move - though Ukraine has denied the attack.

The Russian declaration came one day after UN chief Antonio Guterres urged Russia and Ukraine to renew the deal, with the wheat fields of Ukraine feeding 400 million people around the world.

Ukraine also provides roughly 10% of the world's wheat exports, and more than half of its sunflower oil.





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Old 19-11-22, 06:41   #9
 
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Movies Re: World Food Crisis: NORD STREAM Explosions Caused by Gross Sabotage,

Nord Stream Explosions Caused by Gross Sabotage, Swedish Prosecutor Says

On 27 September, undersea blasts ruptured the Nord Stream 1 and 2 pipelines, leading to huge methane leaks.

BBC News 19 NOV 2022.





Katya Adler travelled to the Baltic Sea, Norway's Russian border, and (pictured) a Norwegian oil field


The explosions that caused significant damage to the Nord Stream pipelines near the Danish island of Bornholm in late September were the result of "gross sabotage," Swedish prosecutors confirmed.





"Analyses that have now been carried out show traces of explosives on several of the foreign objects that were found," public prosecutor Mats Ljungqvist, who is in charge of the ongoing preliminary investigation into the explosions, said in a statement Friday.

There are no indications of who is to blame for the incident at this time, and the investigation is ongoing.

"The preliminary investigation is very complex and extensive. The continued preliminary investigation must show whether anyone can be served with suspicion of a crime," the statement said.

Swedish investigators will continue to cooperate with domestic authorities and other countries. The prosecutor's office has asked for patience.

"It is important that we can work in peace and quiet," Ljungqvist said, adding he could not provide further information and would not be available to the press.

On 27 September, undersea blasts ruptured both the Nord Stream 1 and 2 pipelines, leading to huge methane leaks.

Although allegations of possible sabotage have circulated since the incident, this marks the first time a deliberate act to cause damage to the pipeline has been confirmed.



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