question 5 minutes, just like a last last question. my son is saying diplomatic ethics and being ignored and india based strategic effects. but i told is that just in today not only embarrassed himself, but there's also one to mind, any future dialogue with china. why just didn't really speak about 3 and dialogue on only to fair in standard for disability, but in the oral narrative, in the public that it did seem like chinese had taught him a lesson. normally during multi lateral summit, we do not see such heated exchange and certainly it was embarrassing. and can i go to the extent of saying, very embarrassing or justin to go, could be confronted? and in fact, you know, almost school, this public key in front of cameras. i would say that's leaking up. such information might be pandering to your domestic audience, your domestic support, those et cetera in canada. but in the international based system, in the international or diplomacy,

it sends out the wrong message. and that's why i think the chinese are unhappy. they wanted a beginning or robust dialogue and communication between get and i, jenna. finally off the years as you pointed out. but it doesn't seem like that you're just going in that direction. hey, thanks for keeping us company. hey, on our t international as always, plenty more details to be found on our website. auto dot com. ah, ah ah

ah. ah what we've got to do is identify the threats that we have. it's crazy even foundation, let it be an arms race is on often very dramatic development only personally and getting to resist. i don't see how that strategy will be successful,

very critical time time to sit down and talk 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 the point, obviously is to great trust, rather than fear i would like to take on various jobs with artificial intelligence, real summoning with a robot must protect its own existence with

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 suffer 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,

good prices around the world. have 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 drops depreciation of some currencies along with the increasing production costs have also played a role as well. so what this all of this game? 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 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 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 shipment. 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 disastrous experiments with the organic farming. it's science and so on. able 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 more food just be simply grown to boost global supplies? more food is being grown and the declining. we prices show that the, the, the, that the shortage is beginning to ease. but yeah, but 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 cor, i'm vague. they just, they consume grain directly. but now, but it's a mis allocation of resources 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 where grain is simply too expensive. so the, the system is out of whack, essentially. now does is 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 systems under huge strain. but when you're talking about for fertilizers, for example, the global market will remain the certain 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 inside 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 was have destroyed 800000 heck dares of crop and farm land in 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 led to 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 return ah, oh, well, never be a victory for russia. wait, we shall see what you're still waiting. much really need no 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 them are made. it comes to not shoot kit,

then in carbon dioxide. america forces are and you're not in your gauge of conflict of russian forces. the american forces are here and defend nato allies . what happens that nato escalates even more indiscretion. military operations become a war when you put dell sets of rules that yellow show and that doesn't is much. so i see it that i see you're thinking possibly that's what i mean with. so i use 3 issue unique and stuff with them. let's see. we live at home, we just don't finish the sewage near. i speak of the girl who's only one main thing is important for knox. ism 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. american stroke,

obama and others have had a concept of american exceptionalism. international law exist as long as it serves american interest. if it doesn't, that doesn't exist by turning those russians into this dangerous go. you man, that wants to take over the world. that was caught your strategy. so some golf out of it on your own. i know she leashed off. tim zebulon and tablet block. nato said it's ours. we moved east. the reason 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 nature, what disbanded shareholders in 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. a with world is with you, is with you. i'm with

full credit, i guess it would from beach to still easy to the station, but in the board with i know one most of the most of the location of the unit 731 was

a unique organization in the history of the world. what they were trying to do was to simply do nothing short and build the most powerful and most deadly biological weapons program that the world had ever known. real to production. but it will show up enough to build on it. so new to keep on no more no more. no more. no, no, got the sale. i wonder i wish to know about jewelry. who i know he didn't more or less than a jewel it's. i had a little scarlett and mother and all buddy you nice to do.

you want to on this? she my new on it and all. i isn't all the you know, put them out to take your bus. 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 next part, 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 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 daniel, right now, 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 2021,

sri 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 i'm so, so everyone knows the importance of po tash as a source of fertilizer. and therefore, those international markets will contain and you know, there are a number of major producers, but everyone wants to make sure that they have a 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 on rap 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, 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 is

a lot of sense, but among other things it means more fertilizer. so, so this where the world is, john poets 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 the number of countries, russia, canada, has been merged as major po, tash mining powers. i mean, but mining poway opposed to ashes like no say 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 do you be 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 in that will involve nationalism protectionism,

etc. whether they will 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 agriculture isn't industry. and so therefore, we have to see more effective use of land. we have to see more as a more intelligent use of resources. i mean, you know, i mean americans can't keep gobbling down vast amounts of steak and like, it was like, you know, like, is it, you know, like as of a cost? nothing because it does cost a great deal. i'm not a you 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 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 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, 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 logistic 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 and 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 $532.00 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 price is 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 every blue. ah ah, a fish me another boss with you? i finished need them. good, i did it with key at the when ocean comes, keep the process is to dealer miley complete with us for go. good. are you guys just a phone,

send the whole could i get you? i need video with your suppressive professional lithium to what you put on the list of all but yet with ah, 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. i figure which of the problem was the question, as you speak on the bill in your senior most in mine or will ship we're banding all imports of russian oil and gas news. i suffering the piper happening. i know they plenty of those with joe,

by imposing these sanctions on russia. you know, has destroyed the american economy. you. so there's your boomerang. ah, watch, and it was a ah,

[000:00:00;00] ah ah headlines on our see international a volumes don't politically motivated verdict against russia. that's most goes reaction to the hague investigation. we found a 3 suspects, including 2 russians guilty in 2014 accidental down and got a flight and made 17 and don't report claims. the 24th is allegedly executed. 39 people in city of the key of the troops took over one another. 74 have reportedly been taken to an unknown location