Friday, October 25, 2024

Supply Lines: Doomsday seed vault

In the Arctic wilderness sits a vault built to help withstand potential apocalyptic impacts of climate change. It just received one of the b

In the Arctic wilderness sits a vault built to help withstand potential apocalyptic impacts of climate change. It just received one of the biggest deposits in its 16-year history. 

Instead of money or gold, the contribution was something that could prove much more valuable to mankind. More than 30,000 samples of crop seeds from 21 countries were delivered this week to the Svalbard Global Seed Vault on Norway's Spitsbergen island. 

The influx underscores urgent global efforts to preserve crop diversity as climate change, conflict and other supply snarls disrupt food security. Just three crops — rice, wheat and corn — provide roughly half of the world's calories. That makes diets vulnerable to climate shocks, according to Stefan Schmitz, executive director of the Crop Trust. 

"It is and old economist wisdom, 'Don't put all your eggs in one basket,'" said Schmitz, whose organization is providing support on preserving and depositing seeds. "But that is exactly what we are currently doing in food."

Opened in 2008, the Svalbard facility acts as a backup to gene banks around the world. Dubbed the Doomsday Vault, it sits 120 meters (395 feet) into rock, helping the rooms to remain naturally frozen, and can store 4.5 million varieties of crops.

It has already seen a surprisingly early withdrawal.

Thanks to one of the first deposits, the vault was able to safely store some crucial varieties of wheat and pulses from the Fertile Crescent region. But after civil war stopped a gene bank in Syria from being maintained, Svalbard released some samples so that they could be regenerated and stored in Lebanon and Morocco.

Gene banks — which total more than 1,000 globally — are now becoming more risk sensitive and are ramping up efforts to back up seed collections, Schmitz said in an interview. 

Boxes containing seeds from all over the world inside the Global Seed Vault seed bank in Svalbard, Norway. Photographer: HELENE DAUSCHY/AFP

This week's deposit contained pearl millet and groundnut relatives from India, corn and beans from Bolivia, and more than 7,000 rice samples from the Philippines. Seeds also arrived from conflict-ridden Palestine.

Chad's consignment included sesame and sorghum — a particularly significant contribution considering these crop varieties are adapted to the country's harsh climate, and therefore crucial for developing crops that withstand rising temperatures and erratic rains.

Many of the seeds are so called "opportunity crops," which can thrive in challenging conditions but are rarely part of peoples' meals due to changing food trends — think okra, millets and pigeon pea.

"Diversity matters when it comes to climate change," Schmitz said.

He was speaking from Cali, Colombia, where countries, investors and lenders have gathered for the COP16 nature summit to try to reverse the global decline of the biosphere. While much of the focus is on combatting 'biopiracy' or boosting finance, agricultural biodiversity was higher on the agenda this year, according to Schmitz.

More Food for Thought

Top beef producer Brazil is pressing ahead with plans to trace cattle herds as it contends with international pressure to prevent deforestation. Read Bloomberg's Big Take on how the country's poverty crisis is perpetuating the problem.

Agnieszka de Sousa in London

Charted Territory

Poisoned burger | The restaurant industry is on alert after the US Centers for Disease Control and Prevention said that an E. coli outbreak likely tied to pre-slivered onions served on McDonald's Quarter Pounders sickened dozens of people in the US and killed one. Yum! Brands and Burger King removed onions from some of their locations as the sector investigates the outbreak. (Read analysis here and the latest here.) 

Today's Must Reads

  • The EU is debating whether to hike tariffs on more Russian agricultural and food products, as well as fertilizers, according to people familiar with the matter.
  • An increase in Russian attacks on Ukrainian port infrastructure in recent weeks threatens food shipments to destinations from Gaza to southern Africa, the UK warned.
  • Brazil is in talks to gain Chinese approval for more meat plants to export to the Asian nation, according to Agriculture Minister Carlos Favaro.
  • Rabobank Group plans to reorganize its division responsible for lending to the food and agriculture industry, the second-largest business segment of the Dutch cooperative bank.
  • The World Bank is set to double farming investments as it seeks to transform the agriculture sector amid climate risks and emerging job gaps in the developing world.
  • India relaxed one of the few remaining curbs on shipments of rice, a move that's likely to help shippers undercut competitors in the global market and help local growers fetch better prices for their crops. 
  • Global sugar supplies are seen shrinking to the lowest in six years in early 2025 as drought hampers production in top exporter Brazil, according to trader Czarnikow. 

On the Bloomberg Terminal

  • Indonesia aims to boost its rice-planted area as it seeks to transform itself into a nation that produces surpluses instead of being one of the biggest importers, Bloomberg News writes.
  • McDonald's was accused of product liability, negligence, and breach of implied warranties in a lawsuit filed in Illinois Circuit Court Wednesday after a Colorado resident tested positive for E. coli, Bloomberg Law reports.
  • Run SPLC after an equity ticker on Bloomberg to show critical data about a company's suppliers, customers and peers.
  • Use the AHOY function to track global commodities trade flows.
  • See DSET CHOKE for a dataset to monitor shipping chokepoints. 
  • For freight dashboards, see {BI RAIL}, {BI TRCK} and {BI SHIP} and {BI 3PLS}
  • Click HERE for automated stories about supply chains.
  • On the Bloomberg Terminal, type NH FWV for FreightWaves content.
  • See BNEF for BloombergNEF's analysis of clean energy, advanced transport, digital industry, innovative materials, and commodities.

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