03-26-2022, 03:45 PM
(03-26-2022, 04:14 AM)727Sky Wrote: Fundamental reasons for the coming food shortages is covered in the following video. Fundamental means exactly that and explains the reasons for the now and the future shortages which will be upon us like snot on a door knob.
In the US it's already beginning on some level. Pillsbury is having difficulty, apparently.
"According to CFO Kofi Bruce, "acute supply shortages" are the root of the issue. Along with facing bottlenecking issues within distribution centers, which are currently on the mend as reported by CNN, General Mills now has some problems sourcing ingredients.
Jon Nudi, president of North America retail at General Mills, told CNN that in terms of refrigerated pizza and dough, "the biggest issue we're seeing is really raw material disruptions, ingredients coming into our plants to run our products."
https://www.thrillist.com/amphtml/news/n...-shortages
And what raw materials/ingredients are used most for the most affected products? You guessed it, flour!
So why is this occuring now, in the US when there's no shortage of crop
"Local wheat prices rose about 30% to nearly $12 a bushel in some U.S. farming communities following Russia’s invasion — the highest in decades, Reuters reported. Prices climbed so quickly that many customers along the supply chain — including local farm cooperatives, grain elevators, flour millers and exporters — stopped buying crops because they weren’t sure they could resell them for a profit."
https://www.gobankingrates.com/money/eco...rices/amp/
So our shortages start now... Raised prices for what little is available is next.