Goya CEO Issues Dire Warning On Looming Food Crisis
- Goya CEO Issues Dire Warning On Looming Food Crisis
by and Policies leading to a war on fossil fuels, as well as the Russian invasion of Ukraine, will contribute to a food crisis, according to Robert Unanue, president and CEO of Goya Foods. “We are on the precipice of food shortage,” he said.
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Russia and Ukraine together produce half the fertilizer used in the United States, and fertilizer prices have quadrupled since the Russian invasion, Unanue told EpochTV’s “Crossroads” program. However, the fourfold surge in fertilizer prices will affect African and European countries more severely than the United States because the latter is currently more independent with regard to food, he said.
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Another big problem, he said, is that it’s planting season in southeastern Ukraine and people are fighting a war. “There’s 2.5 million acres of sunflowers to be planted,” he said. Farmers there will be planting less and yielding less, because of the rising costs and the lack of good yield. “It’s going to send food prices spiraling,” Unanue said.
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