In a speech to the UN Security Council, Sara Menker, the CEO of Gro Intelligence, said,
“Official government agency estimates from around the world put wheat inventories at 33 percent of annual consumption. Verifiable data from public and private sources that we as a company organize and then build statistical models to connect the dots between in our platform show that global wheat inventories are in fact closer to 20 percent, a level not seen since the financial and commodity crisis of 2007 and 2008. We currently only have 10 weeks of global consumption sitting in inventory around the world. Conditions today are worse than those experienced in 2007 and 2008. Similar inventory concerns also apply to corn and other grains. Government estimates are not adding up,” she continued… The Russia-Ukraine war did not start the food security crisis. It simply added fuel to a fire that was long burning. A crisis we detected tremors from long before the COVID 19 pandemic exposed the fragility of our supply chains”
David Beasley, executive director of the World Food Program, has said that 49 million people in 43 nations are “knocking on famine’s door.” He further noted famine was a leading cause of governmental instability.
“We are already seeing riots and protesting taking place as we speak — Sri Lanka, Indonesia, Pakistan, Peru,. We’ve seen destabilizing dynamics already in the Sahel from Burkina Faso, Mali, Chad. These are only signs of things to come.”