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tv   Business - News  Deutsche Welle  March 23, 2022 5:45pm-6:00pm CET

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is 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. if an 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. lanham has left, there is almost 500 tons of grain behind me. we have a lot of problems,
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se ports really to export. our grain are closed. no transactions are taking place in new york are not selling in rain, but we still have to invest to keep working when we have a great lack of liquidity out 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 agro 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? hello. so for farmers of course, it's a difficult time as well, because especially for those who are on the occupied territories right now,
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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, 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 of those health issues and animals sir, will surely relate or just die. you know. so that's a very big issue for the lives of pharmacy 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.
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so they give for pre some part or they stock which they have or production which day which they have so mailed for free and other stuff. you know this one born to another boy and that they are busy was re basil machinery and was military machinery as well. you probably also already seen some videos and where you bring your farmers was directors just how the military machinery to day are our houses. yeah, and also many of them are they to weapons in their arms and went to defend the country. so that's basically the situation. most the farmers, they hope to steal seed, that they, they are fields and roughly we assess that please 70 percent of the area,
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which usually it was seed in the spring will be seated these this year. i will take yeah. well, just given that ukraine is such a major export of food to the rest of the world, what are the risks here? 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 tons we intended to support 60000000 tons. so we are pretty big player on the global trade of grains where our number 444, we're number 4 for corn and barley number 3 in the world compared to other countries. so that's basically like 50 percent of the global trade.
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now our see ports blocked fully so rather than shooting into mentioned vessels, there will be 3 or 4 mentioned specials for in mentioned in our people. and we can export only why a railway and trucks through the western water. so but we limit that was dead roots and we can export like 15 to 20 percent of what was exported before as months as before and they did the stop 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 book at the moment and issue for the global trade, i think for sure. and of course, our farmers because they have stops and can sell the grain to, to buy the input,
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which they need to, to have, like seats and so on and fast. and unfortunately we're out of time. so we're going to have to leave that there. thanks. so much for joining us. thank you. ukraine's agricultural loser 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 soaring. brent crude prices, but no cooking oil on supermarket shelves. this grabbing sunflower oil because they fear this kind of oil want to reach spain. it's like the fear felt oval toilet paper during the covered pandemic table. and now with oil. this is something similar. i'm a little afraid they're not processing enough, but it's not similar. cooking oil prices are up in spain,
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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 the us can get us $0.80 a letter last year. and now it is 2 year old. 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 horribly that we're 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 rubble. dellagorzo's. spain produces more olive oil than it consumes the industry. estimates more than
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$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 as it 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 u. s. wiki and 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 in
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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 that 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 fortune land development vanka, kaiser, she mo fantasia holdings. the list is long. investor worries are growing about china's property market. and economists warn if evergreen goes down,
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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 our type a correspondence sometimes to whatever ken's debt problems mean for china's economy, shall i regret, as the most indebted ruin their development in china, with debt equivalent to more than $300000000000.00. 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
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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? why 1st i still argue in it. the chinese government, well save evergreen. if you remember last year, the chinese communist party set up 3 red deadlines for financing the 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 collapse of a grant group. as long as the crisis does not impact china's financial stability for the chinese government. it's a good opportunity to lead, stay on and process
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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 than stopping the crisis, many predict the chinese government will use the crisis to achieve its goal to hand through anti pe. thanks so much. that's our show. thanks for watching hulu. with ah, to the point,
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strong opinions, clear position to say international perspectives. no, and inside to proteins, floor in ukraine, a civilian casualties. mount nato, is doing all it can to avoid being drawn in to the fighting. you members are divided over how far to go on to the point where ask him who can help you? crane men to the point it delivered to ukraine. village on d. w. holland ah mafia on the high seas for the province from legal fishing. our men probably 2nd only to, to drugs and weapons with a journey across the ocean on the trail of king pins on the deep in 75 minutes on
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d w. what does war 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 more than 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 starts april 16th on d, w. ah,
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this is, did every news live from berlin, siege and starvation out of food, water, and fuel? the people of mario bulk struggling to survive as promises of humanitarian corridors fail. this says more support for ukraine to protect itself against the threats of chemical warfare. that's the latest pledge from nato ad of emergency talks on russia's invasion. chief yes, stop and berg says russia must allow civilians to leave.

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