Archive for November 11th, 2022


Market Lords, Much More than a War, Behind World’s Food Crisis

Human Wrongs Watch

MADRID, Nov 11 2022 (IPS)* – While grain exports continue to regularly flow to world’s markets since the July 2022 Turkey-brokered agreement between Russia and Ukraine to resume cereals and fertilisers shipments from both countries, food prices are still skyrocketing everywhere. How come?

In each of the three global food crises studied, financial speculation has caused steep increases in prices, making food inaccessible to hundreds of millions of people. Credit: Bigstock

The handiest answer by establishment politicians and media is that it’s all about the Russian invasion of Ukraine last February.

Another argument they use is that it is Russia who interrupted its gas and oil exports, omitting the fact that it is West US-led sanctions that have drastically cut this flow to mostly European markets, causing a steady rise in energy costs, food transportation, etcetera.

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