tv Business - News Deutsche Welle March 23, 2022 3:45pm-4:01pm CET
3:45 pm
pages on around them, that's crucial as ukraine is a major supplier of grains cooking oil than other food items to the rest of the world. the booth producing food and getting it to the rest of the world is becoming increasingly difficult for ukraine. some farmers fear it will soon be impossible. ah, farmer said he. vann york helps with the birth of a calf and animal that will need to be fed. despite the war, this farm west of keep is still operational and to ensure the supply of food. farmers are now allowed to continue working on their farms and don't have to fight in the war. but one of the main problems for farmers is that they can't export most of their harvest as they usually do. that means no money coming in to sewing new crops. well, the numbers look bad, it's almost 500 tons of green behind me. we have a lot of problems,
3:46 pm
se ports really to export. our grain are closed, no transactions are taking place in new york going on selling and rain, but we still have to invest to keep working with men there. and we have a great lack of liquidity that the machine will slow and say, exports can only leave the country by truck or rail. now, that's much more expensive and will probably be impossible soon. it's going to hit poorer countries in north africa and the middle east, especially hard food prices are already skyrocketing worldwide. crowman flashed in as the director general of ukrainian aggregate the agra of business club association. he joins us from central ukraine. thank you so much for being here. so could you just give us a sense of what the situation is like on the ground right now for farmers in ukraine? so. so for farmers of course, it's a difficult time as well, because especially for those who are on the occupied territories right now,
3:47 pm
or where the actual battles are going on. they are not able to do the job properly to do the field works and also to take care of animals out of goals, goals, and pigs and chickens, you know, so every animal should get some feed at least twice a day. yeah. and milton, milton, cows, if you do not milk out there is, are, of those health issues. and animals, sir, will surely relate to just di, you know, so that's a very big issue for the lives of pharma se in those areas which are occupied for those will still, on the, in the western part and, and central part of your brain. they are busy with day and providing food for full army and but also for the teachers which are in blockade which need the food.
3:48 pm
so they give for pre some part or they stock which they have or production which day which they have. so milk for free and other stuff, you know, this one born to another boy and that they are busy was re basil machinery and military machinery as well. you probably also already seen some videos and where i bring a farmers was directors just how the military machinery to day are our houses . yeah. and there are also many of them are they to weapons in their arms and went to defend the country. so that's basically the situation, most of the farmers, they hope to steal seed that the fields and roughly we assess that at least 70 percent of the area,
3:49 pm
which usually it was seed in the spring will be seated these this year i would take yeah. was just given that ukraine is such a major export of food to the rest of the world. what are the risks you're? we've heard some from the you went from the you warning, global famine. do you think that is a major concern? yes, that's a big concern. because last year, last year we had to harvest of more than $80000000.00 tons of grains. and out of that, $80000000.00 we intended to support $60000000.00 tons. so we are pretty big player on the global trade of grains where our number 44, we're number 4 for core and for barley, number 3 in the world compared to other countries. so that's basically like 50
3:50 pm
percent of the global trade. now our see ports blocked fully so rather than shooting into mentioned vessels, there will be 3 or 4 mentioned specials for and mentioned in our keyboard. and we can export only why a railway and trucks after the western water. so, but we are limit that was that roots and we can export like 15 to 20 percent of what was exported before as months as before and they did the start of the war. we usually exported $5000000.00 tons per months. i was a possibility to export. why right away? we have like 600000 tons. probably 1000000 don't, but not bo, at the moment and issue for the global drain. i think for sure. and of course, all our farmers because they have stops and can sell the grain to,
3:51 pm
to buy the inputs, which they need to, to have, like seats and so on and fast. and unfortunately we're out of time, so we're gonna have to leave that there. thanks. so much for joining us. thank you . ukraine's agricultural wounds are also being felt here in europe, one of the most popular cooking oil, sunflower oil has all but disappeared from supermarket shelves. it's the other oil crisis, not sawing brent crude prices, but no cooking oil on supermarket shelves. this is before grabbing sunflower oil because they fear this kind of oil won't reach spain. it's like the fear felt oval toilet paper during the covered pandemic table. and now with oil, this is something similar level of essay. they're not as a selena, but it's not similar. cooking oil prices are up in spain,
3:52 pm
especially for sunflower oil. one of the world's most popular vegetable oils. ukraine accounts for 40 percent of spain, sunflower oil needs, and supply is disrupted for doors can get us $0.80 a liter last year. and now it is to euro. 60 is increased more than 300 percent. and of course we're getting an alternative. isn't that simple? because different cooking oils have different flavors and that affects the taste of the food. but the gap will need filling. spain's national association of edible oil bottlers says this could be an opportunity for the country's own olive oil industry . gov yamazik is irritably that we are confident this might holds an opportunity because we are likely to reach new customers in the market in which we already present and promote our product. so it's an apple dellagorzo's. spain produces more olive oil than it consumes. the industry estimates more than
3:53 pm
$1500000.00 tons of olive oil, and it's by product olive pumice oil will be needed to cover the shortfall of ukrainian imports. demand for olive oil is also expected to rise in other countries as they seek replacements for ukrainian and russian, sunflower, oil, and other news. the u. s. has dropped import tariffs from those british steel at the continues to unwind trump era duties. the u. k. will now have a duty free import quota of 500000 tons of the metal and return london will drop retaliatory tariffs on us with the ann motorcycle. european commission is reportedly weighing capping gas prices and among other measures to stop rising energy costs. the price of natural gas has increased dramatically since russia invaded ukraine, and there are growing fears about the stability of europe's energy supplies and
3:54 pm
battle. chinese real estate developer ever grants. financial crisis continues to deepen. the company on tuesday revealed that lenders have seized $2000000000.00 worth of deposits from one of its subsidiaries ever grant. also that it won't be able to file it's 2021 annual results on time trading in the company. shares have been halted since monday chinese real estate developers are having a fire sale to bring some desperately needed liquidity back to their balance sheets . that's according to chinese media and at the forefront is ever grant the property developer with the highest mountain of debt worldwide. ever grand is over $300000000000.00 in the red. and it's not the only chinese real estate developer sinking in debt. china for to lend development vanka kaiser, she mo fantasia holdings. the list is long. investor worries are growing about china's property market. and economists warn, if ever green goes down,
3:55 pm
it could take other companies with it and that could cause the chinese people to lose their faith in real estate as an investment product. until now, private investors have put up to 3 quarters of their savings and apartments and houses and that's responsible for around a 3rd of china's current g, d p. which is why economists say if the sector falters, it could some china into a recession. earlier i asked are type here correspondence, some had so whatever kinds debt problems mean for china's economy, chanover grant is the most indebted ru, as that developed in china, with that equivalent to more than 300000000000 dollars. as of june 2021. the fact is that hidden debt is upon in the chinese rule as that industry off balance sheet debts that were not previously disclosed to investors or credit rating
3:56 pm
companies, such as guarantees for wealth management products or a private laws have caught investors off guard. it shows that mil in china's rule, asked a sector expanded to the limit as the to the next 2 major crisis, our debt and bubble cleaning. so we could see this crisis spreading to other top real estate companies and leaving their huge debt to this to the state. can the chinese government stop the crisis where spurs are still arguing at the chinese government? well, save evergreen. if you remember last year, the chinese communist party set up 3 read their lives for financing the rule as their sector. since then, the ccp has been preparing for the bankruptcy of companies like ever grant the authorities to we're asking local governments to prepare for the possible class of our grant group. as long as the crisis does not impact china's financial stability for the chinese government. it's a good opportunity to lat stay on and prices
3:57 pm
a cry ever grants, good assets at a favourable price. there's news that other holdings have been asked to purchase evergreen's assets, so rather they're stopping the crisis. many predict the chinese government will use the crisis to achieve its goal some hand through anti pe. thanks so much. that's our show. thanks for watching hulu. with a ukraine gold wheat.
3:58 pm
but the war has halted. production. large swabs of land are no longer being foreign power. the shortage is impacting buyers and supplies to the world's poorest nations . the war and made in germany on d. w. with these places in europe or smashing the records, stepped into a bold adventure. it's the treasure map for modern globetrotters, discover some of your record breaking sites on your back, youtube and know also in book form. what does war
3:59 pm
do to people? are hatred and violence inherited from generation to generation and award winning documentary searches for answers for 2 years and the author accompanies a cell, a fist family in northern syria insights into the isolated world of radical islamists and into a spiral of violets without end of film about family, faith, masculinity of fathers and sons starts april 16th on d. w with
4:00 pm
. ah ah, this is news line from berlin siege and starvation out of food, water, and fuel, the people of mario paul struggling to survive as promises of humanitarian cor doors fail. plus more support for ukraine to protect itself against the threats of chemical warfare. that's the latest pledge from nato add of more talks on russia's invasion. chief against fulton, burke says russia must allow civilians to leave besieged cities and the war has forced 1000000.
31 Views
Uploaded by TV Archive on