i look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings, accept where such order to conflict with the 1st law show your identification. we should be very careful about personal intelligence at that point. obviously is too great trust rather than a job with artificial intelligence. real. somebody with a robot must protect its own existence with

ah, the only to be a move like a so glad they ship off that get what is the best time to actually go about them. this is a little bit of a sort of legal obligation annuity. no good, it is really what i see school for car with net port backwards, but some claim your family members can report to nick carter if the subdivision of roughly called earlier and you're still krinski part of it, which it, it said to jeff. so i use the menu to when it can be coma, lucid, and the communist. somebody mp community that they've got a lot of, you know, it is all like it's supposed to start out like you sort of affected door only out

of the joint media with us. that's clear but, but that was the routing. the spoken to me, you're right. nobody say whether you do both is looking at them during the summer because of my cigna, but it was the reason why we should show kathy so much. but we're can i love chris? well, it was, it was the case. there's any big us over for you will that they should. i see it appears to notice the shipper though. we're still a when are you will be love and i think it was a lou . 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 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 closer look at the state of the food supply chain. and what happens when the cost of food becomes simply too much, ah, food prices around the world has store 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 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 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 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. 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 it 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, 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 grain 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 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. but more food is being grown and the declining week 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 poorer i'm, 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 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 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, these are international commodities. and the 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 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 floods. cotton crops also succumb to the monsoon rains with 45 percent of cotton plantations. wiped out. this has like a shortage of cotton seed oil and caught the cake used to feed animal stock. and when we return, fertilizers, have taken the headlines worldwide. what countries are doing to ensure that they have enough for their crops more on that when we with ah,

i will never be a victory for russia. wait, we shall see what you are still waiting for you a new modem, but look at 8 me ukraine. more is a proxy war. this is a war between russia and the united states. naz on them are made, it comes to not should get them in carbon dioxide. america forces are, and you're not in your gage, in conflict with russian forces. american forces are here and defend nato, allied with nato escalades even more than the special military operation become a war when you. but they'll set of rules that demonstrate that doesn't as much as i see it that i see you do it to us. thank you. costliest, that's what i'm here with, so i use 3. you sure you can use stuff to with almost them with food that are in your sewage. never speak of the girl who's

calling with world is with you. i'll her with you. i'm with ah, with

fool chris got to boot from beach to phil. he's a patient, but in the board with only one main thing is important for not as an internationally speaking to that is that nations because that's allowed to do anything, all the mazda races, and then you have the minor nations who are the slaves. americans, brock, 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 it. often zip on in tablet block. nato said it's ours. we moved east. the reason us, hey jim, it is so dangerous. is it the law? 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 the united states and elsewhere in large obs 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. what go more real to what they should end up unit 73. 1 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. no. real a issue or sure, doug, did that. they're not eligible. non son, new rochelle, he one more mom. she no longer thought this meant union from all. i

got the sale. i got you. i mean i understood, i wish to know about jewelry. whoa, whoa knew i know you guys are more pushed in jail . it's i had to put a couch. nice. oh boy. to go or what on this? but what was she? my and new on it. i'm all, i can send more simone, you know, put them out to pick your boss. i welcome back to the cost of everything. today we're talking about story 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 steak 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 journalist 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, in april 2021, 3 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 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, co tasha is a key element in 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 increased the 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 means 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 i, 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 polish potash is like, knows, 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 unable 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 foods does 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'll be effective or not is in terms of increasing the food supply 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 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, you know, like as it cost nothing because it does cost a great deal. i'm not,

i know i'm and 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, 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 lazara, 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, 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 a poor middle class workers who are hit the hardest with the rising food costs, the average person will have to spend around 611 dollars for food monthly in 2022 compared to 532 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. mm. with ah, b i to business with boston, do i need to grab it, miss you?

to complete the key at the when washington's keep, the process is to do mine to complete with us for go to you guys to phone and send the full could i get you what i need with your support, superficiality, and do you put up a list of all but yet with ah ah, with water is thrown in the world, but when the snow falls about scheduling, this comes with the last dance. it idealist,

we sprung from dijani's from them to do it in b. c. do training, kicked away in the pals teacher skills. other thing on the, on a ship or was to learn a little bulk. um yeah, the crucial chest middle school was leaving us with the loan is not. but if you still know what you need to do with the leukemia, well, they need to work with us. she is, we can do a fix. that will be it. so i guess when you go see, show you mrs. i need to in the middle something with, even though so you need to locate those. no big deal. okay. that doesn't help out with me. she go. she returned with a single shot, especially with those openings and you took

a little of doing piecemeal. mm ah, watch, and it was a shag now shorter one, a with

a who is the aggressor today? i'm authorizing additional strong sanctions. today russia is the country with the most sanctions imposed against it. and number those constantly growing a list of contributors. he's becoming your senior, mostly mine, or wish you were banding all in ports of russian oil and gas, new g i g a

with the letter from, you know, we're pretty good regarding joe biden, imposing these sanctions on russia, you know, has destroyed the american economy. so there's your boomerang ah, the headlines and all the international, the hey, i quit the russian national over the 2014 accidental down and got flight. i made 17 in its own bath ball, finding 3 other stuff bag guilty thought so blaming most good. as a good mix, the perpetrators were not to rush and military service with claim to cranium, forces allegedly executed. 39 people in house on 50 of the key troops took over. well another 74 have reportedly been taken to an unknown location. also this out.