orbital 123
Veteran XX
As if we didn't have it bad enough with the rice shortages and the rise in oil prices. Now we have the real possibility that the worlds wheat will die off because of a fungus.
We are going to see a massive die off of humanity in the next decade.
I'm going to guess that it was engineered by Monsanto in order to push for their genetically altered and controlled crops are used world wide.
Wheat Crop Failures Could be Total, Experts Warn
We are going to see a massive die off of humanity in the next decade.
I'm going to guess that it was engineered by Monsanto in order to push for their genetically altered and controlled crops are used world wide.
Wheat Crop Failures Could be Total, Experts Warn
On top of record-breaking rice prices and corn through the roof on ethanol demand, wheat is now rusting in the fields across Africa.
Officials fear near total crop losses, and the fungus, known as Ug99, is spreading.
Wheat prices have been soaring this week on top of already high prices, and futures contracts spiked, too, on panic buying.
Experts fear the cost of bread could soon follow the path of rice, the price of which has triggered riots in some countries and prompted countries to cut off exports.
Losses in Africa are already at 70 percent of the crop, Kotok said.
"The economic losses expected from this fungus are now in the many billions and growing. Worse, there is an intensifying fear of exacerbated food shortages in poor and emerging countries of the world,” Kotok told investors in a research note.
"The ramifications are serious. Food rioting continues to expand around the world. We saw the most recent in Johannesburg.
"So far this unrest has been directed at rising prices. Actual shortages are still to come.”
Last month, scientists met in the Middle East to determine measures to track the progress of "Ug99,” which was first discovered in 1999 in Uganda.
According to the Food and Agriculture Office (FAO) of the United Nations, approximately a quarter of the world’s global wheat harvest is currently threatened by the fungus.
Meanwhile, global wheat stocks are at lows not seen in half a century, according to the U.S. Department of Agriculture.
Scientists fear that the spores could spread on the wind and reach the U.S. and Canada or Europe.
"It will take five to eight years to genetically engineer a resistance,” said Kotok. "In the interim, U.S. agriculture faces higher risk.”