or crypto investors, the value of bitcoin and other crypto currencies has plunged the sell off, began after the collapse of what was supposed to be one of the safest crypto assets . the so called stable coin, tara, whose value was pegged to the us dollar terrace collapse, lead investors to dump it coin, which bottomed out at about $26500.00 us dollars. it was before at about $34000.00 us dollars. it has regained some ground on friday, but it still lost more than half of its value in the last 6 months. that also goes for the entire crypto market. it was worth about 3 trillion dollars in november, 2021. it's now worth about $1.00 trillion dollars. now, given that trip to currencies are mostly used for speculation, economy, see the global followed out as limited with some exceptions. take el salvador, the 1st country to adopt that coin as legal tender. have a look in a market crash, regular investors might panic and run for dear life,

but creep to evangelists, they just keep cool and bide the dip. that's what i'll salvatore's precedent now, ye bu. kelly div this week. i mean, one of the worst crashes in beat coins. history elite really bought the dip, spending $15500000.00 to add $500.00 beat coins to the national reserves. in september 2021 in a world 1st. el salvador adopted bitcoin as legal tender. but after it's all time high in november, the virtual currencies value kept sliding until his weekly disastrous crash. val makella, who describes himself as the coolest precedent in the world. he's in face by the crash and has bigger plans in a display of grandeur, sherry, illustrations, and models of bitcoin city. the libertarian utopia, with no taxes to be built on the side of the dormant con jaguar volcano. the international monetary fund is unimpressed. in general,

it pushes salvador to digits, bitcoin experiment, rating agents is feature, and moody event downgraded the countries rate to junk crippling its ability to access international loans. according to analysts, el salvador is now on the brink of default. now for wireless, let's bring in christy platt. then from dw business and bond, christy thanks for being here. so we know crypto currencies are volatile. this is always been the case. why did some countries like el salvador a bet so big on at right. chelsea. well, there are still a lot of attractive qualities about crypto currencies to these markets or to emerging markets. i should say, i mean, even with this major dip we're seeing this week, they're still over a trillion dollars worth of value in that space. and by making crypto current, these are bitcoin specifically into legal tender these, these countries, like el salvador, are trying to get some of that value into the country,

trying to get investment through because i threw bitcoin there. there's also the fact that bit cryptic currency is really quick and free to transfer. so making remittance payments from a broad back till salvador, for example, is a, a big positive for them as well. so there are several reasons why they've gotten on board there. well, what kind of economic impact can we expect us to have the self we've seen this week on their economies? right. i mean, when this volatility we're seeing and seeing how invested that el salvador, again, for example in, is in bitcoin, there's obviously going to be a, some sort of major impact here. as far as i understand, el salvador has put, you know, somewhere over $100000000.00 into bitcoin. and now with this recent dip, they've lost somewhere around $40000000.00 a dollars in bitcoin. that is actually more than the next payment on there of foreign bond appoint for bond payment coming up in june. and there's some chatter that they might actually end up having to default on some of these payments going forward. so this is obviously a major hit in

a major concern for them. so looking just more broadly at the crypto market, obviously we've seen crypto markets meltdown a lot in the past. is this just a temporary blip? is it something more meaningful? right, well we're in a different landscape now than we were over the last year's interest rates are rising. they, we don't have money flowing, government money flowing in from the pandemic anymore. so cryptic currencies are going to have to have a reckoning with the new financial environment that they're in now. so it'll be a matter of weighting and seeing, but it's certainly not the same type of crisis we saw in the past. kristi, platen and bon, thanks. so much for joining us now, she's 7 agriculture meter ministers are meeting today and the southern germantown of stuttgart to discuss the worsening threat of a global food crisis. exports are now being disrupted, due to the war. and ukraine pushing price is higher and making food on affordable for the world's most impoverished people. humanitarian relief is also being

effected and 2021. ukraine was the largest single source of food for the u. s. world food program, which works to feed the most vulnerable around the world. and for more in this, i'm joined now by sebastian has a professor in agriculture at the university of holland heim question, thanks so much for being here. so you 7 leaders are meeting here today and germany . can they really do much to avoid this global food crisis that many are now worried about? well, good afternoon. thank you for the invitation. agriculture, long term business, agriculture respond to national cycle. so it's, it's very difficult to influence agriculture, production, grain production on a monthly basis. it's almost very new that can be done immediately. so of course there are more measures, but primarily it's about monitoring. your rate will be stocks and monitoring grid. our immediate charges might emerge. so one major factor at play here is obviously

the war and, and ukraine. we've heard a lot of reports of grain sitting in ukraine not being able to be exported. tell us more about the situation there. is there a solution on the horizon for that grain? there is to leave still ample of grain in ukraine and sitting in storage facilities, but because most of the grain usually leaves the country through the lexi port. this is currently blocked and now the challenge is for ukrainians to bring the grain out of the country by alternative transportation measures are currently there are major attempts being mounted to transport grain by railway and trucks out of the country. but of course, that's much more than i'm the, was much lower and it doesn't have the volumes, a ship transport it can bring. you mentioned stockpiling as a, as a risk for the global food supply right now. what are you afraid?

well, course we are facing this crisis in ukraine against the background of an already temporarily while limited supply of noble grain. so we have seen rising prices already towards the end of last year. this is not unusual. this has happened in the previous 15 years, occasionally, and this, this would have been, let's say, somewhat normal period of rather short supply. but now we have this on top of that, and that of course, varies, varies net food importing countries. a lot, of course, buyers of grain all over the world market participants are extremely nervous. there's a lot of uncertainty and of course in the very short term, just not, not terribly much that can be done in order to increase to supply it. so this of course leads to reactions by individual also firms,

but also by some countries to hold back a grain supplies in the feel of continuously rising crisis. but this is certainly a problem because this can only aggravate the crisis. sebastian has from the university of her time. thank you so much for joining us. thank you very much. and it's not just the availability of food itself that has been distracted by the war, but also the fertilizer needed to grow at an africa. some farmers have turned to making their own as the cost of commercial fertilizer skyrocket. in uganda, the price for some important places has more than doubled russia. image a supplier is facing international sanctions and a gun and importers and consumers, a filling their report. faked customers are not planning to buy because it's very expensive. it as affected as alert rather than just asking the price as they move

out. because it's very expensive. now you get in a re coat your scientist, a be a little bigger. he's offering an alternative it comes from the small fly code that blacks to fly, which has been found to be a source of organic from lasers. it is exist within the notch environment, bailey, the matter of attracting them and then use that bidding them one flight is about average $1000.00 eggs. in about 4 days the eggs grow into lavvy. and when levy grow into a doubt, flies they leave behind a pew by reaching nutrients for animal feeds. and it's so use, you're getting a laser and organic butler that is very lay a boy you, you produce it on site to produce it in quantities you want. and then you also get an alternative protein source for in case of being livestock. let me go walk

through the dutch founded company code my rule a protein. the company receives funding from donors like voluntary services overseas, to train local farmers to produce their own foot lasers, who started with 10 farmers. but today they are over 1200 rosen that she can da sees. she could not afford 4 lasers until she was trained to make her own or because if there was available resources at my home, such as food left overs that i would have thrown away to get fertilizers. i do not spend any money on it. apart from my energy come, why would her mine capella copy to city authority has now partnered with marilla protein to manage the cities west problem. as the lovey can feed on organic waste, they now produce over 2 tons of foot lasers per day. but still not enough for farmers. we have gone as a standing order as of 2 tons of one ton of 3 tons of 5 times and we can,

we can, we don't have the capacity to fulfill that spot does. or does luca hopes this can be an opportunity for africans to fly away from depending on imported from lasers on the tiny wings of the black. so to fly and staying with feeding the world, thailand's king maha vizier, long corn, presided over the royal ploughing ceremony, marking the start of the rice planting season. as part of the tradition, a pair of oxen are offered. 7 types of food. predictions are then made as to the success of the coming harvest based on which they chose. the animals enjoyed of rice, maize and grass, meaning there'll be plenty of food, fruits, and water for irrigation thailand. is the world's 2nd largest export of rice behind india. ah. and that's our show for more

checkout d, w dot com slash business. and the d. w. news, youtube channel. we're also on facebook. i'm chelsea delaney, and berlin for me and the dw business team. thanks much for watching you next time . ah ah ah. ah,

to the point positions, international perspectives reported and brushes, armed forces have suffered some serious setbacks during the invasion of neighboring you crate. so will they scale back operations or sporting perhaps set to launch a new time frame? find out until the point chocolate to the point. and 30 on d w kind of the power of sound. i'm being a baby marsh wrong. i made the diesel engine in showing small brain. the secret of music is maybe a 75 minutes on d,

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ah ah, this is it every news life from berlin? ukraine puts a russian soldier on trial for war crimes. a 21 year old man will be the 1st russian soldier to stand trial for war crimes in ukraine. since the start of the invasion, he's accused of shooting dead an, an armed 62 year old man, also coming up ukraine calls on his allies to seize russian assets. russia mosley.