sinca, it is just a po greasy and lies that they come to media and up from salads. are the same time what they do behind closed door. it is so. busy so disappointing many populations and companies from western world have been promising to hit the on it to the target by 2030. but today we are seeing towel swelling over 62 percent of the new or bold paper. and that is go drop in, in uganda and it's going to last for 20 hours. so these kind of projects and whenever they are being supported by the western world, we feel like disappointed we hugh lake. it is a po creasy, whereby we are putting our people in danger because this sim country companies promised to freeze out promise to heat. then it is as target my twins, that at the same time they are in, they likely few waiting for so for a project. so what i need to do right now is to stop financing for so for

projects and these current companies have to stop and also they have to pay. they are like to clean up their miss canyon troops have arrived in the democratic republic of congo as war ravaged east thus in a bit to help the countries governments fend off and 20 rebels. the so does arriving from nairobi, our parts of a $900.00 strong canyon force. they will be joined by troops from other east african member states to cycle rebels who control he towns. former canyon presidents who are kenyata, recently visited a conflict zone in the biase, where he met those, displaced by the fighting, and pleaded with a voice sides and the violence. earlier my name is you and we have all seen the children, the mothers, the old men who are now become an displaced in their own country. and no matter what our differences are, even we have our problems please. let's have mercy on them. let's stop this war and start a dialogue. the rebels have more than doubled the territory. they control in recent

weeks. according to local officials, more than 200000 people have been displaced in the fighting begun, and the east african community has now scheduled peace towards november. the 21st in the can you capital, people for health services have thought of the people on a similar plan that we were sitting in a camp and told to evacuate, that's why we are fleeing. they told us that m 20 free was a few meters away. we are afraid it hurts a lot that we'll still fling, we fled from cuba, and now we are fleeing again from there. we are now heading to goma. we have no hope. we are suffering a lot of the earlier we spoke to her on her ninja who's optimistic about the clean piece talks. the coloring escalation, especially in conflict, considering that he's been reported that tend to be making advances towards goma, extremely dangerous. and he threatens kind of these initiatives and

efforts being made right now by regional countries laid by one positive about next week's talk that taking place mediated by looking at a physical kenya who seems to have a good we'll both from the government as well as the rebels, unimportant that has been built on the the last few years, but they also collect to read admission in the region that is config needs to any impacts because it's just part of one of the conference actually going on. and so in that demonstration of goodwill as well, that kind of consensus when it comes to the need and i guess teacher, so the conflict can some fuel to us, but listen, well that's how the world is looking this thursday afternoon. my name is peter scott, and i'll be back again with another look at today's biggest stories in around half

an hour's time. i'll see you then. ah ah ah

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ah, it is the literal life, blood of people and civilization. but what happens when the cost of food begins to rise to quickly the poor middle class or the most? so what's driving the rising cost? well, in order to understand that you have to understand the supply chain. i'm christy i . and 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, the prices around the world has soar to record highs, and it doesn't matter where you live. we prices had a 14 year peak in 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 drops depreciation of some currencies along with the increasing production costs, have also played a role as well. so what this all of this name? 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 rot 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 ukraine 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, 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 grain stuck in the ukraine, and a lot of that could turn to ra if it just stayed 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 affect 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, for a certain increase in grain shipments. but the problems are, are bigger than that, the problems and they just don't have to do with physical commodities like rain. one interesting thing is a grain prices have plunged 40 percent over the last 2 months. so, so the inflationary waves seems to be subsiding. which means that more rain should be available. the other problem is indebtedness. the reason these countries are not important grain as 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 disastrous experiments with the organic farming. it's science itself unable to import foodstuffs, 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. but more food is being grown and the declining wheat prices show that the, the, the, that 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 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, and other countries that are poor and they, they just, they consume grain directly. but now, 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 in the developing world. we're grain 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 trend. i'm quite confident because that because the, the globalization has gone way too far. i mean, this is the international system is 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, be, 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. the, 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 headlines. first to africa where food shortages are a major concern. african union chief mackie saw, has called on 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 crop 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 rains. with 45 percent of cotton plantations, wiped out. this has led to a shortage of cotton seed oil and caught sea cape, used to feed animal stock. and when we return, fertilizers,

have taken the headlines wide. what countries are doing to ensure that they have enough for their crops more on that when we return ah, oh, well, never be a victory for russia. wait solution, see what you're still waiting. i truly need not done, but you look at a meal. crane war is a proxy war. this is a war between russia and the united states. naz on our media comes to not shoot kids down in carbon dioxide. america forces are, and you're not in your gage, in conflict with russian forces. the american forces are here and defend nato allies. what happens if nato escalates even more than the special military

operations become a war? when you put bells, have a show and that was a 1000 is my store. i see it. i see your to us. thank you, plus listed. that's what i mean with so i use please be sure you can use stuff to with them. let's see. we live at home and you're still foolish there in your sewers. missionary secrets, the girl whose only one main thing is important for not as an internationally speaking to that is that nation's percept 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 man that wants

to take over the world. that was a conscious strategy. so some golf out of it on your own, i know she leashed off to exhibit in tablet block. nato said it's ours. we move east. the reason the us, hey jim, it is so dangerous. is it the law? the sovereignty of all the countries, the exceptionalism that american uses and its international war planning is one of the greatest threats to the populations of different nations. if nato disbanded shareholders in united states and elsewhere in large arms, companies would lose millions of millions or is business and business is good and that is the reality of what we're facing, which is fashion with

one? no, no, no, no, no, no, no. well, or more real than 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 every now and the real well, you know, to production. i guess you're sure that they're not good. you know, when you suddenly looking to keep on more mom she no longer thought this is meant new at the moment i got the sale. i got ya. i go on monday. i wish to know about jewelry. whoa, whoa,

knew he did room or more or less enough, jr. let's i had to put a couch. nice. oh boy, that's good to go. or what on this? well, she my new on i more 7 more good. you're not going to give us 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. this supply disruption 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, po, tash. now in recent years, china has acquired a state and western po, tash and western resources for politics. 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 journalist daniel lazar. so daniel, right now the countries are scrambling to shore of 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 sh 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 results were catastrophic. rice production, sell 20 percent within the matter a month and t production a vital source of foreign and earnings. sell 2 and the half 1000000 people wound up in poverty. so i'm so, so everyone knows the importance of po tash as a source of fertilizer. and therefore, those international markets will continue. there are a number of major producers, but everyone wants to make sure that 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 was, is really, is really 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 tasha 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, then that means more, more fertilizer means a lot of sense. but among other things it means more fertilizer. so i, so this where the world is john poets hash that addiction is not going away anytime stone 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 the 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 po,

tash mining powers. i mean, but mining poway opposed to ashes like nose like mining coal involved and 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, if the farming changing globally as a nation space, the stress of not being able to rely on the global markets for important foods 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. and that will involve nationalism protectionism, etc. whether they'll be effective or not is and in terms of increasing the food supply as, as highly dubious. but you know about it, but agriculture, you know, i mean all industries are in the state of flux. they always are an agricultural industry. and so therefore, we have to see more effective use of when 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, you know, like as it cost nothing because it does cost a great deal. i'm not a no, i mean i believe i'm not a 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 intelligence 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 it comes to the cost of 1st, 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 the logistics chain is the storage market and the silo market. the global side. 1 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 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 it with ah, with boss, with key at the when washington's keep the process

to do a phone with superficial lithium to what you put on the list of all. but each with ah, with watching it was a shadow shorter one. and i'm not trying to stay like a one on you know what a national

z lesher shyly yours a when you sit down with a ah, it was not just an intentional attempt at this information, but a conscious attempt to bring nature which is currently conducting a proxy war into a direct conflict with our country rushes ambassador to the un slums. western countries reaction to the whole, the misspell incident as unsafe russian hysteria as the west continues to whitewash ukraine's nationalist as all battalion. one of its u. s. members probably claims the far right is a political force and the credit and the atm saw got the malaysia airlines flight.