makes trust, i rather than fear a various job with artificial intelligence, real somebody with a robot most protective own existence with a vocal, no issue. but for the mobile one, annual g d. p per capita is about $4000.00 euros. the laws does that. we've got on a mobile with a primary cost, the seal for the for any chip near prison for an animal, the level to come out at your level of thought there would have thought of

unemployment is off the chance. moldova territorial integrity and sovereignty. we respect a country which enjoys financial support from the u. s. n. b, you is constantly roth by political and corruption scandals. but all that didn't stop mo, google obtaining you candidate status in 2022. ah ah ah, it is the literal life blood of people and civilization. but what happens when the cost of food begins to rise too quickly? the poor and middle class stuff for the most? so what's driving the rising cost? well, in order to understand that, you have to understand the supply. hey,

i'm christie. i am today on the cost of everything. we're going to be taking a close look at the state of the food supply chain. and what happens when the cost of food becomes simply too much, ah, good prices around the world has thor to record highs, and it doesn't matter where you live. we prices had a 14 year peak and march of this year. and mays price is the highest ever recorded . while the current conflict between russia and ukraine have brought this issue into the spotlight now, this has been at least 2 years in the making. local food prices has 3rd since 2020 in response to increasing energy and fertilizer prices pandemic, and do supply chain constraints and droughts. depreciation of some currencies along with the increasing production costs, have also played a role as well. so what this all of this mean? only one thing the price of food has skyrocketed. so how is this

increase impacting people around the world? let's go a little bit deeper on this and bring in daniel lazar. so as of august rain started to move through ukraine again, but 4 months, millions of tons of brain were stuck in ukraine with a risk of wrought and waste. as a result, this has had a huge impact on food prices, correct? oh yeah, i mean if there's the grain stays, there is a great danger that it will end up riding if it's stuck in the ukraine. and by the way it's, it's not russia, which is not the crane which is being blockaded. it's the ukraine has really as mind, its own ports as a precaution against a russian, you know, incursion, so, so the blame is on both sides, that the mines are put there by the ukraine. the russian invasion certainly hasn't helped. but yeah, a lot of rain stuck in the ukraine, and

a lot of that could turn to ra if it just stays there. the world bank has approved a $2300000000.00 program to help countries in eastern and southern africa to deal with food stress that's expected to effect about $66000000.00 people in the region by next month. will this actually help them? well, it's a bit of both actually, i mean yes, it will help us. certainly that's a lot of money and that will, that will pay for per certain increase in grain shipments. but the problems are, are bigger than that problems and they just don't have to do with physical commodities like rain. one interesting thing is that grain prices have plunged 40 percent over the last 2 months. so, so the inflationary waves seems to be subsiding. which means that more grain should be available. the other problem is indebtedness. the reason these countries are

not important grain is that they're running out of money. i mean, sri lanka is the best example sri lanka has, you know, as seen as death level increase, 50 percent of the last 2 years. and after the dash wrist experiment with the organic farming. it's science itself unable to import food stuffs, not because that food doesn't exist, but because 3 lanka can't afford it. it's an economic problem. and now why can't more food just be simply grown to boost global supplies? oh, more food is being grown and the declining, we prices show that the, the, the, the shortage is beginning to ease. but yeah, but the, the global food market is, is heavily distorted. i mean, you know, in the west we, you, we, we can, you know,

we grow grain in order to number one, run cars, believe or not biofuels number too much grain production goes into the, into the production of, of neat chicken, pork, beef, etc. so, you know, so we, we consume a lot, we grow grain to, to, in order to make meet and in other countries that are poor i'm, they, they just, they consume grain directly. but you know, but it's a mis allocation of resources i need is too cheap in the, in the, in the industrialized world, it's, it's, it's over produced. it takes up a growing share of grain production. and the converse is true when the developing world work. rain is simply too expensive, so the, the system is out of whack, especially. now does this put a dent in globalism because with countries are risk in the near and distant future

of not receiving vital imports of food stuff? do you think that they will begin to turn to domestic production and consumption? yes, that will become a trends. i'm quite confident because i've got the, the globalization has gone way too far. i mean, this is the international system. it's under a huge strain. but when you're talking about for fertilizers, for example, the global market will remain the same international commodities. and same thing is true with wheat and other and other foods, oils, etc. so i'm so, so, so globalization won't be completely undone, but i trust it will be sort of, you know, the, you know, cut down to more realistic levels. daniel lazar, thank you so much for insights today, but stick around we'll bring you back in just a moment to discuss the cost of fertilizer and how it's playing into the rising food. prices with

the cost of food around the globe is having a massive impact on people. so let's take a look at 2 places where food, short it is and supply chain issues are making headline 1st to africa where food shortages are a major concern. african union chief mackey sol has called brussels to provide some scope for african countries to pay for imported cereals, grains, and fertilizers from russia. africa wants to pay, but it's becoming absolutely impossible. as the sanctions have excluded several russian banks, including spare bank from the swift international payment mechanism. saul has reiterated that they are not dependent on rain imports, but worn, that fertilizer shortages will have a big impact on local production. now over to pakistan, this time the weather has threatened, the food supply floods have destroyed 800000 heck stares of crops and farm land and

pakistan. this has put pressure on local markets as prices have risen. not to mention a country with an all time high inflation of 27.3 percent before the flood cotton crops also succumb to the monsoon range. with 45 percent of cotton plantations, wiped out. this has led to a shortage of cotton seed oil and caught c take used to feed animals on. and when we return, fertilizers have taken the headlines while wide. what countries are doing to ensure that they have enough for their crops more on that when we with oh, a suffered because we're getting the business and you will clean them a bit. he a does not

a shoes on. yeah. maybe cause a lot of it is just touching up critical to just filling in for you was just touching sure emergency operator did to consider the full with use her own the with them the problem you're still with yours are worth it. not the studies for stupidity which of choice it was coming to on, on all things to which you which no longer interested social, not political push to sustainable loan. because a leash new, a divorce load you school coast here. i don't know who got i know for the doesn't or is that a lot of these for us to play in finances come up with

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for this patient with only one main thing is important for not as an internationally speaking to that is that nations that's allowed to do anything, all the mazda races, and then you have the minor nations who are the slaves. americans, proc obama and others have had a concept of american exceptionalism. international law exist as long as it serves american interest. if it doesn't, it doesn't exist by turning those russians into this. danger is boy a man that wants to take over the world. that was

a conscious strategy. so some golf out of it on your own, i not leashed off to exhibit in tablet block. nato said it's ours. we moved east. the reason us, hey jim, it is so dangerous. is it deny the sovereign all the countries exceptionalism, that american uses and its international war planning is one of the greatest threats to the populations of different nations. if nature, what is bad shareholders in united states and elsewhere in large obs companies would lose millions and millions. war is business and business is good and that is the reality of what we're facing. which is fashion? with one? no, no, not a job. no,

no. well go more real to what they should end up unit 731 was a unique organization in the history of the world. what they were trying to do was to simply do nothing short, then build the most powerful and most deadly biological weapons program that the world had ever known. real no to production, but it gives you, oh sure good. did that they're not eligible. no. you suddenly a he on more mom, she no longer thought this meant a sale. i got your name. i don't understand. i wish to know about julie. whoa, whoa, knew i know you didn't or got one more. pushed enough,

jr. let's i had to put a couch nice to go on what the on this well she my and new on it on. i can send more simone. good, you know, put them out to take your boss. i welcome back to the cost of everything. today we're talking about sorting food prices around the world, russia and bella, ruth accounts for about 40 percent of the global po has production and export, which is the commodity used for fertilizer that contains potassium. the supply destruction of po tash will also contribute to local food production, tightening, and risk food security in many nations. so china is now trying to get ahead of the

curve and has ordered its firms to stop selling fertilizer to other countries in order to preserve supplies at home and ensure steady food production. it is also looking to canada, another major producer of po tash. now in recent years, china has acquired a state and western po, tash and western resources for poets production. canada now expects an uptick in exploration and mining projects, as other countries have followed suit. however, it will be a case of supply meeting demand right now as these projects have a long lead time and can take up to a year to get new mines up and running. let's bring back journalists, daniel lazar so day. all right. now countries are scrambling to shore their food supply as well as their fertilizer supply in order to boost local production. so in the long run, do you see this as the beginning of a big fragmentation of the overall supply chain? well, no, i'm quite the opposite. i mean, for, i mean, hotel potassium solves,

have shown they're important. i mean, and when, and when april and april 20, 213 lanka rapidly ordered a shift to organic fertilizers. and the results were catastrophic. rice production sell 20 percent within the matter a month. and t production a vital source of foreign earnings. sell 2, and the half 1000000 people wound up in poverty. so, so, so everyone knows the importance of po tash as a source of fertilizer and therefore those international markets will continue. you know, there are a number of major producers, but everyone wants to make sure that they have a they, they get their fair share of the global supply. so how important is patasha for

farmers put it in perspective for us. what is the average yield for farmers growing with po tash versus without po, tash? well, it's a hard question to answer because there are a lot of other factors, but the, the 20 percent drop in 3 walk is really, is really a critical indicator. i mean, you know, that was, that was dramatic that cause lead to direct food shortages and political unwrap, which we are now seeing. so a 20 percent fall is a very bad thing. every government on earth wants to avoid that. so therefore po, tash is a key element, an agricultural production. and what's more, i mean we're going to see a probably a 30 percent increase in global population over the next half century. and that means our increased food demand, coupled with a decline and an agricultural land. so we've got to get more

food out of each acre of land and that means more, more fertilizer is a lot of sense, but among other things it means more fertilizer. so, so this where the world is john poetry hash, that addiction is not going away anytime soon. and countries livelihood depend on an ongoing supply. now without imports of po, tash, can countries begin to produce their own. and if so, how long would that take? it? that's very hard to say, i mean alternatives are not very easily come by. and, and organics are not very especially effective. and, you know, and a number of countries, russia, canada, has emerged as major co tash mining powers. i mean, but mining poway opposed to ashes like nose like mining coal involves the i was

thinking shaft hundreds of feet into the earth and using advanced extraction techniques. now other countries could do this and they undoubtedly will do this in the coming years. but it's this, this is the commodity that will be traded internationally more and more because every country wants to wants to get a share and no country. and a lot of countries are able to rely on domestics or sources. now how the, the farming changing globally as nation space, the stress of not being able to rely on the global markets for important food, stuff and supplies of fertilizer. could we see the rise of some sort of farming nationalism? yeah, i think i think it's certainly possible. yes. and that as the, as economic, as the economy enters into crisis and it is entering into a crisis,

we'll see a lot of countries taking protective measures and that low in that will involve nationalism protectionism, etc. whether they will be effective or not is and in terms of increasing the food supply as highly dubious but, you know, but, but agriculture, you know, i mean all industries are in the state of flux. they always are an agriculture as an industry. and so therefore, we have to see more effective use of land. we have to see more as more intelligent use of resources. i mean, you know, i mean americans can't hear gobbling down vast amounts of steak and like it was like, you know, like, is it like as a cost? nothing because it does cost a great deal. i'm not, i know, i mean i believe another vegetarian, i believe in the meat based diet. but that, that, that, that those resources have got to be used in a, in a proper,

sensible, intelligent fashion in order to, to make the most of, of these resources. and the, and the, and the agricultural acreage which will have to be which will be under growing strain and which will have to be used to produce more food for the car for the world's growing population. daniel lazar, thank you so much for your time today. i when i come to the cost a 3rd, there are winners and losers, and in this case, the elevator food prices are not a win for farmers. farmers are mailing passing along their higher cost of production with the price of fertilizer and diesel fuel rising. the winners here again are the logistic companies who are working to move food from the have to the have nots. and with not enough container ship, these companies are able to raise their profit margin. another winner of those,

the logistics chain is the storage market and the silo market. the global silo grain storage market is projected to register a compound it annual growth rate of 4.7 percent through 2027. and as for the losers, i bet you can guess it is the poor and middle class workers who are hit the hardest . with the rising food costs, the average person will have to spend around $611.00 for food monthly in 2022 compared to $500.00. 32 in 2021. according to survey done by k, p. m, g. in europe. that number is actually a bit higher at around 757. now, finally today we will have to ask, will food prices continue to rise? specifically, what is going to happen with the price of wheat? one of the most important commodities when it comes to basic food supply, given all the factors we have discussed today and going into harvest season, my prediction is that the price per bushel wheat should level out around support at

$10.30 to $10.50 cent mark, which means that the prices for you are going to remain elevated, perhaps going a little bit higher before peaking and stabilizing for the foreseeable future. thanks for watching. i'm christy. i a see a right here next time on the cost of everything with ah, b, i to business with them, boston, do i need them? good. i did get them with key at the when washington's keep, the process is to do a

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a when are you with is the aggression today i'm authorizing the additional strong sanctions. today. russia is the country with the most sanctions imposed against it. a number that's constantly growing, but i figure which of the problems, of course, when you're, as you speak on the bill in your senior, mostly mine or wish you were banding all in ports of russian oil and gas, new g i g with info, whatever. we're pretty good regarding joe biden, imposing these sanctions on russia has destroyed the american economy. so there's your boomerang

ah, ah ah, it was not just an intentional attempt at this information, but a conscious attempt to bring me to, which is currently conducting a proxy war, into a direct conflict with our country. russia's ambassador to the when slammed allegations of moscow's involvement in the poland missile incident as anti russian hysteria. adding the accusations could have led to a dangerous escalation. that's as western powers admit, the fallen missile apparently came from you praying with t as going against his allies, narrative insisting it was not a ukrainian missile.