no more to modify this man. no more. no, no, no, got the sale. i understood. i wish to know about julie hill who knew he didn't know i had a little cold and weather and all buddy bill, you nice to do you want to on this? she, my new on a site isn't more among the you know, put them out to take your bus like when i would say wrong. why don't just don't yes, to fill out the thing because the after an engagement equals the trail.

when so many find themselves worlds apart, we choose to look for common ground. nato is hybrid more against russia and just became more dangerous and frightening. a missile fired from ukraine by ukrainian landing, and poland clearly demonstrates what can go wrong due to a mistake or miscalculation. of course, the collective west instantly move towards invoking article 5 of the nato trading, which means starting world war 3 for the move in the business. and you agree in the 3 day notice to sign your medical graham, when you wrote, you didn't go to really just such an upgrade to ceiling,

influential such as circle of 2 different sit unemployed shop working yet you get thrown with them the problem and you're still with your issue that you're here that i think if you brought in the studies on that just a bunch of stuff coming to enough on ok which which and it was just me solution up and pushed him home because i knew a diverse load you school college don't know which do you know for the doesn't or i should just to do giving the at that we're going to these just opinions enough is come on ah,

food. 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 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 with food 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 prices reach 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 surged 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 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, it says 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, 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 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 over the last 2 years. and after the dash wrist experiment 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 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, 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, and other countries that are poorer 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 over produced. it takes up

a growing share of grain production. and the converse is true when the developing world with rain is simply too expensive. so 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. 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 will 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 shorted 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, grades, 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 crops and farmland 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 range with 45 percent of cotton plantations, wiped out. this has led to a shortage of cotton seed, oil and coffee cake used to feed animal stock. now, 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, the 1st time in history and the entire country's culture has been canceled to the very modern weapon cancel culture. really desert lucille mala. so we're here just sitting there with the phrase now particularly refers to counseling russian culture yet them know what a few or does it when you're miles for fuel, which will be your choice. so that go with most of the temperature random eat them with what rushes created over the past 1500 years. there's no question partially condemned, reviled and rejected to sort of like a symbol of bell. there's a lot closer on a whole bunch. thank you said a little short list. joining total condemnation grows daily and now enclosed

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annual g d p per capita is about $4000.00 euros. last does that, we've got a mobile, a last year. a lot of my partner. com, please feel free to give me just one more time to meet your little thought. the different thought of unemployment is off, the job molder was territorial integrity and sovereignty. we respect bedtime, the country which enjoys financial support from the u. s. n. d u is constantly robbed by political and corruption scandals. but all the didn't scope mo, google obtaining your candidate status in 2022. 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 poto production and export, which is the commodity used for fertilizer that contains potassium, this 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 potash 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 foods y, 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, so they've shown their important, i mean, and when, and when april, in april 2021, 3 long, a rapidly ordered a shift to organic fertilizers. and the results were catastrophic. rice production fell 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 continue. 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 sri lanka 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 populate over the next half century. and that means our increased food demand, coupled with a decline and an agricultural land. 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 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 potash is 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 domestic sources. now how the,

if the farming changing globally as nations 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 economics, 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 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 isn't 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. 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, i know i'm and i believe i'm not a vegetarian, i believe in a neat base 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 i come to the cost of food, 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 ships, 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 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 chris vi. a. see a right here next time on the last of everything. ah, ah ah

o in 2022, the italian government approved a package of military aid to ukraine coordination with nita to help ukrainians defend themselves and fight back about 150000000 euros. well, i make a week or even i told me bombs are hearing all the same nato and the u. f with i'm the one that people will die just for make money. the one that i have, i have been yes. go to why you must, who got through on it, or if you're gone through my she thought complete. i mean, there's will, donahue thought, if you are doing your need to be done to get them for the month is will dark morsa me my show. it was wrong tool or able hopa exec leila lesser opinion polls show that over 70 percent of italians are against military support for

ukraine. i landed in confront with the day for that last or if i don't a lot also yet, levi and more on a skid out and go home and do not she them to the the daily dazzling w l. my last lot a lot you, they have been a full things and we're not returning fund theater that i got a shape out disdain. because the advocate an engagement, it was the trail. when so many find themselves worlds apart, we choose to look so common ground.

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full credit. it's going to be out of wood, from beach to still easy to the station. but in the board with nature was hybrid war against russia just became more dangerous and frightening. a missile fired from ukraine by ukrainians landing in poland, clearly demonstrates what can go wrong due to a mistake or miscalculation. of course, the collective west instantly moved towards invoking article 5 of the nato trading, which means starting world war 3 different order to

help in bush a no call for a often see and finally got a solid zone or view on gas with does not seem finished with didn't want to, so you this keep, i don't even watch the show. belief with it is good. prescriptive reason oscar just shifted got a

whole lot just affiliated with a biased and politically motivated verdict against russia. that's moscow's reaction to the heb decision which bound 3 suspects, including 2 russian guilty in the 2014 accidental downing of flight. and 17 republicans bludgeon audit, a financial assistance sent to ukraine. that's after the party takes control of the house of representatives saying every cent allocated 6 yeah, will be scrutinized. a former polish mayor calls the missile crash and the countries is a premium provocation to drum up foreign weapons supplies and still maintains it.