2022-06-22 11:24:58
#Opinion by Maria Zakharova
The UN Food and Agriculture Organisation (FAO) posted a consolidated list of
grain production data for the 2021/2022 season on its website.
The figures provided by experts show that according to the 2021/2022 agricultural year results, the global grain production is expected to reach 2.8 billion tonnes, which is more than in the 2019/2020 season. The grain carryover will amount to a record high of 850 million tonnes (much higher than last year). According to the results of the current agricultural year, the stocks-to-use ratio will amount to 30.5 percent, which is above average as well.
That means there will be more grain in the world.
Now, let's take a look at the trade transaction data. Anticipated grain trade volumes are higher than in the 2019/2020 season at 439.2 million tonnes. Separate data for wheat are available. The physical level of stocks and the volume of trade in this commodity will increase to 192 million tonnes (up by 1.5 percent compared to the previous period). Similar dynamics are anticipated in feed grain and rice production and trade.
Here's why this is important.
Representatives of the West are using every platform, including the UN, to accuse Russia of reducing the amount of grain available on the market through its actions, allegedly throwing a wrench in grain operations which, according to the West, has sent prices for wheat and other grains up.
In reality, though, there’s more grain on the market than in previous years, and trade is up as well.
It turns out that the price (which is growing, indeed) is not growing because of Russia's actions. The cause of that is a separate matter, and experts are coming up with different explanations.
However,
general conclusions can be drawn:
1. Systematic errors made by the West when making forecasts for its agricultural policy.
2. Global inflation caused by short-sighted financial and monetary mechanisms that the West used during the pandemic.
3. The ill-conceived transition of Europe and North America to green energy based on the forced introduction of bio fuel technologies.
4. Illegitimate sanctions that have disrupted the established commodity-money chains.
With regard to whether famine is a realistic scenario, experts increasingly foresee a pessimistic outcome. They believe that many nations will be impacted and even more will become destitute.
The Western regimes that instigate and cause destruction
should be blamed for that.
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