Articles about the twin issues have come out, but the corporate media in the United States are downplaying them despite their probable catastrophic impact worldwide.
Experts have already warned about the crisis, and a European CEO even told the media last November about a low crop harvest in the world this year.
“I want to say this loud and clear right now, that we risk a very low crop in the next harvest. I’m afraid we’re going to have a food crisis,” said Svein Tore Holsether, the CEO and president of Oslo-based company Yara International.
Holsether added that a food crisis is impending because the cost to manufacture a ton of ammonia has risen nearly 10 times. The natural-gas standard, on the other hand, hit an all-time high in September with the price more than tripling from June to October in Europe.
Yara is a main producer of ammonia, a key ingredient used in synthetic fertilizer, which boosts crop yields. The process of creating ammonia relies on either hydropower or natural gas.
“The price to produce a ton of ammonia last summer was $110. And now it’s $1,000. So it’s just incredible,” said Holsether...<<<Read More>>>...
