Soybean Shortage & Cyberattack on Food Supply Chain: Achilles’ Heel
The world is running out of soybeans after drastic crop losses. This has severe implications, which the establishment will use to further their Great Reset. A strategic cyberattack on the food supply chain — part of the “Cyberpandemic” the WEF has promised is looming — will be used both as an excuse for food rationing, as well as the motivation for the “Great Reset of Food” for which the WEF/Rockefellers/others have been calling. A recent attack on Americold offers a perfect case study of this achilles heel in our food supply. There is a lot to digest here — Christian breaks it down.
As local buyers like livestock feed makers vie with importers for a shrinking European cereal surplus, prices could continue rising until demand is dampened or next crops are harvested around the world, traders and analysts said.
China has been on an extended buying spree of global grain, partly due to a rebuilding of its pork industry after a swine disease epidemic.
Europe harvested a smaller cereal crop this year and rival wheat exporter Russia has shipped less than expected, while the EU’s main maize supplier Ukraine has grappled with drought.
“China has really upended the market,” a French trader said. “Everything is expensive and it’s all about exporting rather than importing.”
Tightening grain supply is not expected to be visible in food prices. Key suppliers like millers have advance cover, commodities are diluted by other supply chain costs, and supermarkets compete heavily on food staples.
But upstream, grain processors may have to slow buying if exports keep flowing out of Europe, traders say.
Loss of out-of-home food and beer demand due to coronavirus lockdowns may let them stretch their stocks to some extent, they say.
Yet they may have to limit buying further as the market awaits South American maize crops in the spring and next summer’s European wheat harvest, currently set to rebound.
“At the end of the day, we’re looking at a very strong need to ration wheat demand in Europe in the coming months,” consultancy Agritel said.
NO RELIEF IN MAIZE
Despite harvesting a quarter less wheat and barley this year, France is set to ship even more of those cereals to China than last season’s hefty volumes.
That has left room for Germany, Poland and the Baltic states to export more wheat to Algeria, usually overwhelmingly supplied by France.
The northern EU countries are also shipping wheat to Asian markets like Pakistan, as higher Russian prices and precautionary purchases by importers during the COVID-19 pandemic stoke demand.[GRA/TEND]
Exports of common wheat, or soft wheat, from the EU plus Britain in 2020/21 are running 20% below last season’s record pace. But that compares with a 40% lag two months ago. The gap could narrow further as large recent sales are shipped out.
Traders said several vessels of French feed barley have been sold for shipment to China in summer 2021, unusually early sales for the next crop that sent French barley premiums surging this month.
French barley sales to China have accelerated due to tensions between Beijing and main barley supplier Australia.
Within Europe, grain buyers have not found relief in maize either.
Ukraine’s drought-diminished crop has curbed expected flows to the import-reliant EU livestock industry, raising prices and prompting processors to use more feed wheat or secondary cereals.
Maize imports in 2020/21 so far by the EU and Britain – which remains in the EU’s single market until December – are 17% lower than a year ago.
South Korea has confirmed an outbreak of highly pathogenic H5N8 bird flu on a duck farm in the southwestern part of the country, the World Organisation for Animal Health (OIE) said on Monday. The outbreak, which occurred in the town of Girin-ri, killed 19,000 ducks, the OIE said in a website alert, quoting the South Korean agriculture ministry. Some 392,000 chickens and ducks at a total of six farms were killed preventively, the ministry also said.
Meanwhile, bird flu has been detected in a fourth Japanese prefecture, the agriculture ministry said on Tuesday, as a wave of infections at poultry farms sparks the country’s worst outbreak in more than four years. Avian influenza was discovered at a poultry farm in Hyuga city in Miyazaki prefecture in southwestern Japan, the ministry said on its website.
Japan’s worst outbreak since at least 2016 started last month in Kagawa prefecture on Shikoku island, which is adjacent to Kyushu island where Miyazaki is located. The 40,000 chickens at the Miyazaki farm will be slaughtered and buried, while exports in a 3 km (1.8 miles) radius around the farm will be restricted. The new action means more than 1.8 million chickens will have been culled since the latest outbreak began, according to Reuters.