British newspaper The Telegraph reports that the country will soon face a global food shortage. The reason for this is the sanctions against Russia.
The British industrial food sector is on the brink of collapse, reports The Telegraph. The problem is the rise in energy prices caused by the impact of sanctions against Russia. Experts predict a global shortage of products in the country.
It is reported that CF Fertilizers has already closed its largest nitrogen fertilizer plant in Britain. The company’s management has stated that rising gas prices and exorbitant environmental tax do not allow for further maintenance of the plant. The British experts conclude that the shortage of expensive nitrogen fertilizers alone sets in motion a detrimental chain that will eventually lead to the inevitable cost of milk, meat and bread.
This will be exacerbated by the cessation of mass deliveries of wheat from Ukraine. In addition, as farmers say, the rising cost of fertilizers in general will not allow them to grow enough wheat for the production of flour products. Whereas previously the price of raw materials was £200 per tonne, now it is £625.
The situation is complicated by crop failures in China as well as a government ban on grain exports by the Indian authorities. In addition, the lack of supply from Russia, which together with Ukraine held 30% of the market, also has a negative impact on the situation.
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