The global food shortage is about to explode into a full-blown crisis that will lead to pockets of mass starvation and will even affect first-world countries around the globe.
That’s because the vast majority of ammonia production in Europe, which is a key ingredient in the production of fertilizer, has been taken offline, according to reports, thanks to the spiraling cost of natural gas.
Most of the continent’s liquified natural gas (LNG) came from Russia, but after the invasion of Ukraine, Western nations began sanctioning Moscow and that included ending purchases of inexpensive energy. As such, LNG prices have skyrocketed on the European continent, making ammonia production too costly.
“Ammonia prices, though volatile, rose 15% in 3Q and could climb higher as Europe’s record gas prices curtail output and send ammonia producers to the global market in search of replacement supplies to run upgrade facilities — with winter still around the corner,” Bloomberg Intelligence’s Alexis Maxwell wrote in a note.
According to Fertilizers Europe, which represents the top regional producers, as much as 70 percent of production is now offline, and that is certain to exacerbate the existing food shortages.
“The current crisis begs for a swift and decisive action from EU and national policymakers for both energy and fertilizer market,” Jacob Hansen, director general of Fertilizers Europe, said in a statement.
Producers including Yara International ASA, CF Industries, and Borealis AG in Norway recently dramatically curbed or even halted production after European LNG prices rose to a record 343 euros per megawatt hour, which exceeded the plants’ ability to economically produce their product.
“We confirm we are reducing and stopping production of some fertilizer plants in the different EU sites and this for economic reasons,” a spokesperson for Borealis AG said.
The benchmark natural gas price in Europe soared again by nearly one-third as Russian supplies to Europe through the Nord Stream 1 pipeline were cut to just 20 percent over the summer and now face a temporary halt for three days beginning Aug. 31.
Meanwhile, the regional fertilizer association is now warning as well that the shortage of ammonia production will impact several sectors across the European economy, but food will be impacted the most, of course.
“We are extremely concerned that as prices of natural gas keep increasing, more plants in Europe will be forced to close. This will switch the EU from being a key exporter to an importer, putting more pressure on fertilizer prices and consequently affecting the next planting season,” Maximo Torero, chief economist at the United Nations Food and Agriculture Organization, said.
The closure of fertilizer producers across Europe lifted Mosaic and CF Industries as some of the top advancers in the S&P 500 Index on Friday, rising 16% and 15%, respectively, on the week.
Bloomberg Intelligence’s Maxwell said “cascading supply-side shocks” could keep fertilizer prices elevated well into 1H23 and may pressure farmers in the upcoming growing season, adding to even more food inflation as less fertilizer equals smaller harvests.
In addition, the outlet reminded readers that in recent months, the world’s largest fertilizer company — Canada-based Nutrien Ltd. — warned that shortages of the product will most likely extend into 2023.
CEO Ken Seitz told investors in May that “the conflict plus Western sanctions on Russia and Belarus has reduced fertilizer supply on global markets and could reshape crop nutrient trade, thus creating even more supply uncertainty,” Zero Hedge reported separately.
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It is becoming more obvious that the global food shortage is about to explode into a global food crisis, as a lack of fertilizer production leads to fewer acres planted and, of course, less food cultivated, grown, and produced.
The world is on the edge of a food catastrophe, and we can thank the lockdowns and Russia’s invasion of Ukraine for it.
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
The best way you can help us grow and continue to bring proper news and opinions to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal or Bitcoin as well. Bitcoin: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
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Some of our content is spread across multiple sites. Other pieces of content are unique. We write most of what we post but we also draw from those willing to allow us to share their quality articles, videos, and podcasts. We collect the best content from fellow conservative sites that give us permission to republish them. We’re not ego-driven; I’d much rather post a properly attributed story written by experts like Dr. Joseph Mercola or Natural News than rewrite it like so many outlets like to do. We’re not here to take credit. We’re here to spread the truth.
While donations are the best way to help, you can also support us by buying through our sponsors:
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- MyPatriotSupply: Stock up on long-term food, survival gear, and other things that you’ll need just in case things don’t recover and we keep heading towards apocalypse.
We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
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