Economic Collapse

World food prices rise in May, cereal output forecast falls- U.N. FAO. Wheat and Barley forecast.

Blog note. Jesus indicated that ‘fearful sights’ (various natural disasters) would occur leading up to the time known as the Tribulation and Great Tribulation (a combined seven year period of great destruction on earth). Although these types of things have occurred in the past for centuries and thousands of years, they could be identified as the ‘season of the times’ due to the ferociousness of these events. They would be occurring in greater intensity, severity, frequency, size, duration, scope … just like the pains that a woman experiences in labor the farther along she is in the labor process. We are in the ‘season of the times’ that comes just before the seven (7) year Tribulation/Great Tribulation period
… And great earthquakes shall be in diverse places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven. (Luke 21:11).
… And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring; (Luke 21:25)
… Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken; (Luke 21:26)
… This know also, that in the last days perilous times shall come. (2 Timothy 3:1)
Jesus is giving a series of prophecies about what to look for as the age of grace comes to a close. These verses are several of many such prophecies from throughout the Bible. 2017 was the worst year in recorded history for the intensity, frequency, severity, duration and occurrence of a large number of severe natural disasters worldwide. Earthquakes, volcanoes, hurricanes, typhoons, cyclones, torrential flooding, unprecedented wildfires in unusual places, devastating droughts, excessive/scorching heat setting records everywhere, record snowfalls in Europe and Russia. Snow in the Arabia. This list can go on. Most studied Eschatologists believe these ‘fearful sights’ and massive natural disasters are all part of the ‘CONVERGENCE’ of signs that this Biblical and prophetic age is closing. Most people who study prophecy are familiar with the routine reference(s) made that these things will be like a woman having labor.

World food prices rise in May, cereal output forecast falls- U.N. FAO. Wheat and Barley forecast.

Reuters•June 6, 2019

ROME, June 6 (Reuters) – World food prices rose for a fifth consecutive month in May after bad weather pushed up the prices of cheese and maize, the United Nations food agency said on Thursday.

The Food and Agriculture Organization (FAO) also warned that a sharp fall in the expected maize crop in the flood-hit United States had dampened its previous forecast of bumper global cereal production in 2019.

FAO’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 172.4. points last month against 170.3 points in April — its highest level since last June.

The FAO dairy price index jumped 5.2% from April’s value, nearing a five-year high, with cheese helping to drive up the index thanks to strong global demand for the product as drought in Oceania limited that region’s export prospects.

The FAO cereal price index rose 1.4% because of a sudden surge in maize price quotations after planting of the crop got off to the slowest pace ever recorded in the United States due to widespread flooding and rain.

By contrast, the sugar index fell 3.2% for the month, and the vegetable price index dropped 1.1%.

In its second forecast for 2019, FAO predicted world cereal production would come in at 2.685 billion tonnes, down from its previous forecast of 2.722 billion tonnes but still up 1.2% on 2018 levels, when output declined.

“The year-on-year increase in global cereal production reflects expansions of wheat and barley production, while global rice output is likely to remain close to last year’s record level,” FAO said.

“Worldwide maize output, however, is now seen to fall, with U.S. production expected to shrink by 10% from the previous year amid a much reduced pace of plantings due to unfavorable weather conditions.”

The U.N. agency said new estimates for production and utilization suggested world cereal stocks could decline by as much as 3% in the new season, hitting a four-year low of 830 million tonnes. (Reporting by Crispian Balmer)

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