Daily review 08/04/2022

Written By: - Date published: 5:30 pm, April 8th, 2022 - 17 comments
Categories: Daily review - Tags:

Daily review is also your post.

This provides Standardistas the opportunity to review events of the day.

The usual rules of good behaviour apply (see the Policy).

Don’t forget to be kind to each other …

17 comments on “Daily review 08/04/2022 ”

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  2. Ad 2
    8 April 2022 at 7:34 pm

    Holy Jesus out fuel prices are going to skyrocket far worse than now.

    The US House and Senate and both parties have both voted to ban Russian oil imports.

    https://www.huffpost.com/entry/congress-votes-overwhelmingly-to-suspend-russias-trade-status-and-ban-oil_n_624f2087e4b0e44de9ccef05

    This is the legislative backing that Biden wanted.

    • Poission 2.1
      8 April 2022 at 7:42 pm

      But to allow Russia/Ukraine food and fertilizer exports to continue.

      Meeting at the FAO to start in 60 minutes.

  3. Poission 3
    8 April 2022 at 7:47 pm

    Oil market didn't blink,priced in already.Russian oil is going into China,india,and parts of Africa at a 30% discount.

    US west coast is where the spikes will be,dependent on Alaska,and a little from Mexico.

  4. Anne 4
    8 April 2022 at 8:02 pm

    An illuminating discussion on the Russian strategy in Ukraine and the probable outcome between Selwyn Manning and Paul Buchanan – the latest episode from their View from Afar Series:

    Its an hour long but well worth the time.

  5. Poission 5
    8 April 2022 at 8:54 pm

    Just released Fao food prices reach new records up 33.6% year on year.

    https://twitter.com/FAOnews/status/1512341944717955074?cxt=HHwWhMCynY2_9fwpAAAA

    There are calls at todays FAO council for countries to ensure food security,and maintain exports without tariff constraints .

    The policy recommendation will also include continuation of food exports and fertilizers from Russia and the Ukraine.

    • pat 5.1
      8 April 2022 at 8:58 pm

      Somehow i dont think Russia is listening and Ukraine isnt in a position to comply.

      • Poission 5.1.1
        8 April 2022 at 9:22 pm

        Russian proposal.

        https://www.fao.org/3/ni815en/ni815en.pdf

        The foremost problem is both countries supply either all or most of the grains to the most undeveloped countries,some of which are also war torn such as Eritrea and Somalia.

        The main document for consideration is here,with policy recommendations.

        https://www.fao.org/3/ni734en/ni734en.pdf

        • pat 5.1.1.1
          9 April 2022 at 5:13 am

          Yep…and as said Russia isnt listening and Ukraine is in no position to comply…..and

          "Although a sudden and steep reduction in shipments by the two countries could increase exports by alternate origins, such as the European Union and India, the potential for other exporters to fully make-up for lower shipments by Ukraine and the Russian Federation is anticipated to be limited. Indeed, wheat inventories are already especially tight in Canada and the United States of America following reduced harvests in 2021/22. 28. Among other suppliers, Argentina’s exports during the ongoing season will also likely remain limited by Government efforts to control domestic inflation, while Australia has reached its maximum shipment capacity logistically. In such a setting of significantly reduced global export availabilities, other countries could enforce measures (formal or informal) to slow or restrict exports in order to protect domestic supplies and/or address domestic price inflation, as several countries have already announced since the start of the war."

          For the policy recommendations to be effectively implemented the Russian invasion would have to end and withdraw yesterday….it didn't.

          • After all, the Ukranians didn’t put up much of a fight in Crimea. So past behaviour is the best predictor of future behaviour etc.mikesh 5.1.1.1.1
            9 April 2022 at 8:25 am

            Less wheat exported would probably be a good thing. Cutting back on refined carbohydrate would benefit all of us healthwise.

            • weka 5.1.1.1.1.1
              9 April 2022 at 8:26 am

              ok, you’re in premod now. Please see my previous reply to you for an explanation.

          • Poission 5.1.1.1.2
            9 April 2022 at 11:20 am

            The market added 20-30% across the wheat contracts over night,so any surpluses will be tightly held.

            https://www.cmegroup.com/markets/agriculture/grains/wheat.quotes.html

            The only available surplus cereals are in Uk/Russia as they have not shipped due to obvious reasons.13 million people go to significant risk of hunger,700 million (due to fert constraints) move to insufficient food supply.

            Not a good time to be introducing a biofuel mandate,when feedstocks are significantly effected (both au/nz) will be buying out of us,south america.

  6. aj 6
    8 April 2022 at 9:06 pm

    "Dropped Formula 1 driver Nikita Mazepin calls sanctions on Russia 'cancel culture"

    The BBC interview referred to in that article was on HARDtalk and is worth listen to if you get the opportunity (on SKY89) if it is on a repeat.

    https://www.stuff.co.nz/sport/motorsport/300562234/dropped-formula-1-driver-nikita-mazepin-calls-sanctions-on-russia-cancel-culture

  7. weston 7
    8 April 2022 at 11:12 pm

    Couple of college kids giving a good serving of truth to some grubby stupid msm hacks at a panel convened at uni chicago and ironically called " discussion on disinformation and erosion of democracy "



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