They say that when a system collapses, it happens slowly.
Already this year, we’ve seen:
— Russia stop wheat exports
— Fertilizer prices go up – as much as 80% this year
— Gas prices double
Now this: India — the world’s second largest producer of wheat — is banning wheat exports.
Fox News reported:
“India, the second-largest producer of wheat, has banned exports of the commodity, due to a risk to its food security.
A Friday notice in the government gazette signed by Santosh Kumar Sarangi, the Director General of Foreign Trade, said that a ‘sudden spike’ in the global prices of wheat was putting India, neighboring and other vulnerable countries at risk.”