September 2,The bet365 joining bonus code and Agriculture Organization of the United Nations released the global bet365 joining bonus code price index for August,The index is 138 points,Month-on-month decrease of 1.9%,Up 7 year-on-year.9%。Since hitting all-time highs in early 2022,The index has fallen for 5 consecutive months。Although most bet365 joining bonus code prices have been reduced in August,But the benefits of falling bet365 joining bonus code prices to consumers are not immediate。Tjada D’Oyen McKenna, CEO of Mercy Corps International said,While many bet365 joining bonus code prices have been falling in recent weeks,Some of these bet365 joining bonus code prices have even returned to 2021 levels,But the market will continue to fluctuate。Even if global bet365 joining bonus code prices fall,Local markets may not adjust bet365 joining bonus code prices for another year。
The world faces bet365 joining bonus code security issues
“Three feet of ice does not last a day”,bet365 joining bonus code security issues currently facing the world,In addition to being affected by global supply chain disruptions,There are more long term、Deeper reasons。
The "State of bet365 joining bonus code Security and Nutrition in the World 2021" report released by the bet365 joining bonus code and Agriculture Organization of the United Nations shows,Since 2014,Due to conflict、The impact of extreme weather and economic recession,The global incidence of bet365 joining bonus code insecurity has actually been slowly rising。And in 2020,Global economic downturn due to the new coronavirus epidemic,The incidence of bet365 joining bonus code insecurity increased by as much as the previous five years combined。
Christopher Barrett, professor of applied economics and management at Cornell University in the United States, also believes,The arrival of this bet365 joining bonus code crisis in 2022,In fact, there are already traces to follow。Barrett pointed out,Long time,Political and business leaders have been failing to address the lack of safety net coverage、Key issues such as lagging behind in agricultural and policy innovation,This leaves the agricultural-bet365 joining bonus code system and the billions of people who depend on it vulnerable to disaster。Therefore,In conflict、Climate、Under the impact of the epidemic and other events,World bet365 joining bonus code prices will soar in 2022,Once exceeded the peak of the global bet365 joining bonus code crisis from 2008 to 2012。Sudden rise in bet365 joining bonus code prices poses serious health risks,Including malnutrition and even famine,Especially in developing countries。World bet365 joining bonus code Program data display,Currently about 3.2.3 billion people are currently suffering or will soon suffer from serious bet365 joining bonus code crises,This number sets a new record。And in Afghanistan、Angola、Ethiopia、Among more than a dozen extremely poor countries including Zimbabwe,Hundreds of millions of people have fallen into severe bet365 joining bonus code crisis。
Speculation exacerbates global bet365 joining bonus code crisis
bet365 joining bonus code crisis does not mean absolute scarcity of bet365 joining bonus code。Barrett said,The current world is actually not short of bet365 joining bonus code。The average global bet365 joining bonus code intake per person per day is about 3000 calories,Contains 85 grams of protein and 90 grams of fat,This is far more than the amount of metabolism required by humans to maintain a healthy life。The reason why hunger and malnutrition occur,It’s not that the supply of bet365 joining bonus code is insufficient,But poverty and uneven distribution,Including severe bet365 joining bonus code loss and waste。Therefore,Rising bet365 joining bonus code prices hit the poor harder,Because bet365 joining bonus code purchases account for a higher proportion of their income。Barrett said,Even in the face of natural and man-made disasters,There is also enough bet365 joining bonus code in the world to meet everyone’s healthy eating needs。But the crux of the problem is,Human society lacks a response mechanism to protect areas and people who are easily ignored in geopolitics。
Speculation also exacerbates the problem of bet365 joining bonus code crisis。The investigative report of a multinational journalist team released by the European non-profit investigative organization Light Source Report,Past two years,Investment funds increase holdings in agricultural products。Milling wheat market in Paris,Investment funds’ share of wheat futures triples since 2018。The team’s investigation results show,What’s even more worrying now is that hedge funds are dominating commodity trading。As March wheat futures prices rise to record high,Agricultural ETFs have received a large amount of capital injection。So-called agricultural ETF,Refers to the fund product that tracks the agricultural underlying index and is listed and traded on the stock exchange。Agricultural ETFs are so popular,So much so that US ETF provider Teucrium Trading sold all of its available shares on the New York Stock Exchange,Suspended share issuance of wheat fund Teucrium Wheat ETF。Not just agricultural fund,Other financial products related to agricultural products have also rebounded this year。With wheat、Rising sugar and grain prices,More and more investors are participating in trading activities seeking huge profits,Includes locked supply contract、Hoarding and Excessive Speculation。Light source report team said,bet365 joining bonus code is necessary for survival,It should be traded as a basic public good rather than an asset。However,Reality is far less fulfilling than ideal,In the current environment,Safety has become the top priority for capital。Therefore,Agricultural products necessary for survival for investors,Becoming extremely attractive。Excessive speculation is not only harmful to bet365 joining bonus code、No contribution from the production or distribution of cereals or legumes,It also contributes to the rising trend of bet365 joining bonus code prices,Thus further aggravating the global bet365 joining bonus code crisis。
bet365 joining bonus code supply also faces challenges
Although many scholars believe that the bet365 joining bonus code problem in 2022 mainly lies in the trade field rather than the supply side,But many research reports show,Next year,Global bet365 joining bonus code supply itself may face challenges。
According to online media "Insider" report,Although the cause of the bet365 joining bonus code crisis in 2022 mainly comes from logistics disruptions caused by global unrest,And in 2023,The bet365 joining bonus code supply itself may face a crisis。In a report in August 2022,McKinsey Consulting Company Forecast,Due to the decrease in planting area,Farmers’ cash flow decreases,And the harvested crops encountered logistics bottlenecks,Harvests in important European grain-producing areas will fall sharply this year;plus Russia、Crop inputs in Brazil and other countries are not ideal,bet365 joining bonus code supply may continue to tighten in the next planting season。
The soaring price of chemical fertilizers is also an adverse factor affecting global bet365 joining bonus code supply。Bloomberg quoted the Green Market North American Fertilizer Price Index as showing,The price of urea, the main raw material for nitrogen fertilizer, has more than doubled from a year ago,The direct consequence is that farmers around the world have less and less fertilizer available。McKinsey consulting firm said in a report,Due to fertilizer shortage and rising fertilizer prices,Countries such as Brazil that rely heavily on fertilizer imports may suffer a blow to their bet365 joining bonus code production,This will further reduce the amount of bet365 joining bonus code on the world market。Mercy Corps has also noticed this trend。McKenna said,Farmers working with Mercy Corps in Guatemala have been unable to invest in the next production cycle,They either cannot afford fertilizers and other petroleum products,Either there is something that cannot be found on the market for agricultural production。
A series of extreme weather events around the world in 2022 will worsen bet365 joining bonus code supply。McKinsey & Company predicts the next bet365 joining bonus code crisis will be worse than the crises of 2007-2008 and 2010-2011。
Improve bet365 joining bonus code security network
Although the future bet365 joining bonus code security situation will still be severe,But these challenges and crises are not unsolvable。Barrett’s suggestion,Countries should establish a financial relief mechanism to jointly respond to disasters in the form of a contract,Improving the security network as soon as possible,Free the marginalized from the threat of hunger。
Barrett also pointed out,World Trade Organization (WTO) rules were negotiated in an era of falling prices,Therefore, the WTO can effectively restrict governments from implementing protectionism against imports that cause prices to fall。However,When prices rise,Protectionism focuses on exports,instead of import,Therefore, the WTO lacks a corresponding agreement to restrict governments from implementing protectionism on exports。Obviously,WTO’s trade agreement can no longer meet current needs。Since the global bet365 joining bonus code crisis in 2008,Some major bet365 joining bonus code-producing countries are trying to insulate domestic consumers from price fluctuations in the global market,Ill-advised export ban implemented,further stimulated the soaring cost of bet365 joining bonus code trade。For this,Proposed by Barrett,Policymakers should comprehensively assess whether new trade agreements are needed,In order to face domestic political forces instigating the implementation of export bans,Can effectively restrain the unnecessary behavior of the government,Thus controlling bet365 joining bonus code prices。
Barrett also called on policymakers to focus on promoting innovation in agri-bet365 joining bonus code systems。He said,The return on investment in public agricultural R&D is very high。However,In the past 20 years,U.S. public investment in agricultural research fell by 1/3,Part of the reason is that governments and policymakers tend to pursue short-term results。In this case,Recycling waste into fertilizer and feed、Environmentally controlled agriculture、Long-term innovative research such as protein substitution needs more attention and investment。
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