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the effects arriving food prices have ripple through the economy from government's imposing ice controls and trade restriction to consumers heading back in other areas as food takes up a growing chunk of their wallet share. this is especially true in emerging market for food represent a large share of overall consumer spending. global food prices have now 3065 percent since the start of the call the pandemic. add that to the recent years of dry weather and has been the perfect storm for commodity food prices to rise. i'm because the i and you're watching the cost of everything with the price of everything that goes into producing crops as surging, which threatens to fan global food inflation even more. and even with the rising food prices, farmers are facing increasingly tough margins. so let's take

a quick look at the price of man goes over in australia, over the last decade, the cost to produce mangoes have doubled. so to mitigate farmers have taken steps like miniaturize the trees and reducing diesel consumption. but the current sort of crude oil is still crushing margins and it's not just oil, fuel, water, fertilizer and labor all for inputs have gone up in the past couple of years. prices for fertilizer, which is used for practically all crops, have risen dramatically in the past year. and in the us, farmers on average budget about $700.00 to $850.00 per acre for input costs for cheaper commodities, such as corn and soybeans. but in 2022, that number has hovered around $1150.00. so let's look at the average inflation of basic input cost that goes into that $1150.00 for plant corn. you have a 5 percent inflation and chemicals like pesticides and err besides. then you have

13 percent inflation in seeds. since you have to have the latest varieties that are stronger or more resistant, machinery and equipment are also going to cost you an additional 18 percent than previous years. and then you have fuel and fertilizer that you're seeing 22 percent inflation with the rising diesel costs. and finally, labor. that's an additional 30 percent as everyone's basic cost of living has shot up. and we just need to keep up for some families to continue to work. now let's bring in some miranda mohan t asia regional director for international potato center joining us all the way from lima peru for more details. so to start off, which segment of the food supply chain is getting impacted the hardest? is it, the farmers, the grocers, or the processors? i would say though, the most in back to my deal was not the people in the, in the supply. and i was merely getting impacted because in fact you said that i

did the input particularly for the basis and the base is there as well. and also on the top of that, we have seeing the weighted on certainty then when the countries i just log out to all these things happening. so if i get the definitely impacted to that, then you have the last thing to up is i, i goes to the can do list. so the controllers are getting impacted. but one thing i would like to mention that that was in the countries are being impacted lot more than the less in here because the way the food was sector in terms of concentration there, you know, we have, you have the record, duffy, dr. glen companies and the packing company in the us. i knew them. but you know, be that it is so much so i don't think, you know, in, i think in the us the, but i think we have been jacked by all these the food company and meet

the company. and we're going to be the ice maker. but it is, yeah, they're all small. they're not as big guys. gotta get in there. so they may get a place to go. so they're part possibly the vice. but you know, jackie beyond that. so i would say the country and you must being impacted lot more than the developing countries just because the structure of the industry and now how much more expensive is sustainable agriculture and why is it so much more expensive to produce than their quote unquote unsustainable counterparts. yeah, i think i don't think sustainable, agree go do in the expensive than the unsustainable on. first of all, the conventional impact is that with conventional credential system, but just just remember that the, all our policies are kind of formulated to support the conventional systems that

give 3 inputs, subsidized for ledgers. all the things that you're up to, the basic staple there in the thing back and then got it. intensive in point applications to, to get started, the model output. so though it's more of the policy driven, other policy induced which is making expensive as compared to the conventional then . but it will give a level playing field, both sustainable and the and sustain it will be when the money and what expensive. for example, the externally be happens in parts of many parts, particularly the not to as india, where the, where the problem being fixed right after that i saw that you have in the blood because the windows, but he saw the plan that we only have 15 days will be on the line with it, so they are forced to bond job in the job. one thing i think billions of people

millions of people in daily rounding area. so there's extra money to do that wants to pay his health. so they leave the plan the next. so they're partly policy spartley, extra reality, which making the sustainable practices lot what expensive. it looks expensive on us and it will then, but i would say it completely for the market know policy intervention such and that will be it will not be expensive to know. and the congress back, does it say that some of the inflated food costs are actually artificial, at least part of it, as it seems to be more so policy driven as the plans for a more sustainable food production system. so how much of the food inflation is actually coming from policy? and is this move towards sustainable farming, decreasing yields?

i think in the, in the sustainable back, this is one thing i would say when we one with the 5 was proud of small the cost in boston involved in the start when moving from conventional to sustainable there. and eventually or longer there much will benefit. but the father was really not looking for the longer what he saw, what happened to me next year after that, you know, but then they moved back to sustainable practices, long term life, then you look much better, they will be much less there. so everything will improve the will increase cost or decline there. but the problem is that i don't think sustainable back this is particular that you love is diving the relation. you look in sustainable back, they said they come in being in terms of the loading for the best if i can, because i don't think that be going to that is even though i mean for them to put things, inflation, we see it is giving policy,

given but it was partly driven by the developing countries, other, other parts of the one they're taking those into, you know, they're still 6 on the export back. the export ban, those federal thing that they didn't think different places not the question. the fact is that you have to clear the policy is directed towards the distinction that including the places you know, so not the back. and now what crops are getting impacted the most by the rising input costs are farmers shifting into specific crops because they are easier and don't require as much fertilizer while yielding higher harvest? because i think it mostly the rising cost of the other things they're getting impacting the cups. mostly the ice, they know it's nice in most part of it then. then eventually the next couple believe which has been back to them. and many cases,

5 lists are moving to maybe less input intensive like lead responses in some cases. but that's not pretty wide scale as really isolated the bottom of moving into some of these graphs and particularly that they moved to other cups because of the once a deficit impact india. there are people in india, they move from the ice to other go those months or deficit the so they could not plan, but i want to minutes. but that, as i said, that's where the isolated gifts not, not the light scale, you know, initiated san miranda. ha, ha, ha, thank you so much for. and so now as basic commodities make their way down the supply chain on to your table. let's take a look at the restaurant industry. restaurants are not being spared from these issues. on top of dealing with the surging inflation and food costs. operators have

experience supply delays or shortages of key food ingredients. restaurants are now paying higher prices for many other food items as their margins are being squeezed . profitability is down from pre panoramic levels for the vast majority of restaurants. now away combat climate change be a secret driver of inflation. there is a theory that extreme, whether might be a driving force or higher inflation and we'll have more after the break. ah ah oh was reason is munoz cards and like if you speak russian,

keep your voice down while out and about a couple. don't put your human symbols on display a little space each night. all right, so you guys don't talk to strangers. i avoid noisy gatherings with your colleagues and perhaps also your friends think you're guilty because you'll rush a minute for a specific social with

a o. in 2022. the italian government approved a package of military aid to ukraine, coordination with nature to help ukrainians defend themselves and fight back about 150000000 euros. well, i make a week, almost. even i told me, bombs are hearing all the same nato and the you are the ones that people will die just for make money. the one that had been yes because while you must, who got through on it or if you go through and i she thought complete, i mean there's water damage. you thought if you need to be done to get

a room for them as well. dar more saw me my show, it was wrong tool or able hopa, zachary law lesser opinion polls show that over 70 percent of italians are against military support for ukraine. i landed in confront with the date for that last or if i don't a letter yet. we only got it more on a skid out and go home and do not. she then da da da da da asked what wonderful i was just the miler sold, bought a lot. you then to sell banners things and we're not returning fund theater. the the me yeah, i want you was gonna give me the shot and showed phenomenon from this day last year. and what i could start

teacher just session on the profile is national shylie. you get when you bought it up. i mean the the climate change be a speaker driver of inflation. well, there is a theory that extreme, whether worse than by climate change is a hidden costs of food inflation, which threatens to push up already high prices of food, heavy rainfall flooding, heat waves and grouse erode agriculture infrastructure. and the workers' ability to stay on the job. china has suffered multiple. c either disruptions from flash floods to severe droughts, and earlier this year in august the country issued its 1st rout emergency as

central and southern provinces suffered weeks of extreme heat exceeding 40 degrees celsius. now this has jeopardized crop production as rice is very sensitive to weather and nearly 60 percent of that is rain fed farming in europe. dairy and meat prices are rising as browse dry out the land meant for raising and growing grain for feed. and meanwhile, historic rains and floods in europe and south korea that makes it hard for communities to rebuild and get back to work caused a massive delays in supply chains. so while extreme weather is affecting supply, research hasn't yet quantified the exact impact extreme weather has unemployment. and now we bring in, once again, some miranda mohan t asia regional director for international potato center. so 1st off, now what countries crop yield is being affected most by this extreme weather we're

seeing this year, you know, particularly the ice now being impacted in many states, particularly in the up. i'm glad this a lot, a lot of the cup in some key the ice going countries and now what about the livestock, our livestock also being affected by extreme weather lives there being directly back, they're going to be impacted to increase in the base. is that ice goes up that's going to affect the phase and that's not many lice. said the 100 percent. look nice, but example it in the under pressure book and i said to the ice and same time, 100 percent book and i see the exported to west african countries. so india would export ban on 100 percent. welcome to mexico. they did not feed feed, but in the country, so i still will be back to it if the grants are impacted. and now we talk about the

food inflation problem that we're facing today. where do you think the problem is mainly stemming from? is it policy driven, as farmers have less access to fertilizers and higher costs due to sustainable farming practices? or is it demand driven as they're just to any mouth to feed? or is it supply chain driven or something else entirely? or you would that, is it gonna be this? all the, most of the same lead will be mostly due to the supply stocks we asking due to the way the uncertainty in both if you will and america so, so, so these would be more driven by the way, the, and then the reaction by the countries in terms of the putting intervention, particularly many indonesia india export band on with export ban on on 100 percent book and then export band some other type of price. but those export

tax on certain days in the export band. and then if you cancel the order of different countries policy, the sticks and in to make sure that they're enough for a liberal in the domestic market. so that being the inflation this, but it all started, i would say going back to the beginning of the pen to be when you start to start doing with the logistics asportation level thought to this, then we have the one, you know, you can let that be back, there we go. and we've explored on politics board. so part of the website. and now it's mostly whether it can be there. so everything is going to call me, they've been having like a level of taxes globally. so it's really like the perfect storm is above external. exactly. and the thing is that the dog has already these the big in the

country, particularly us and you know, but the dog is body know, starting the beginning will be taking out a couple of months or 3 months to big because they'd always lack between the, the price, this bonds in the, in the basis once in that because a lot of ways you're going to only think of in the united states and just like export x export ban and keep go mystic law for the wise. so we are seeing that lack there. so we laughter, one, if the low prices continue to fun, they will see the life is big and the start fall. but that's the main to see what happens with a global base. the united nation is world food program. they have come out to say that this crisis is actually about affordability, meaning that there is foot available, but that these prices are just really hot. so do you agree or is it just putting

a nicer spin on things? no, i think the 6 of the society the what was that impacted by the base increase and affordable if they can come into the play that but they have a lot of social safety net them are you talk about india, that is where the places are subsidized. for the income group, and so they have, they have not been impacted by the affordability by so much, but it actually got a big, big play because a lot of them there that impacted by the global sizes so. so i think that that plays into ledgent starting part of the world. what if and thank you so much, sal miranda mohammed for being here with us today. now, who are the winners and losers of the actual food prices? food prices have hit their highest rate of growth in some 43 years,

and unfortunately it is hitting the low income people the hardest as food eats into a greater percentage of their budgets. now between july of 2021 to july of 2020 to the price of eggs jump. 38 percent. coffee jumped 20 percent chicken. 16 percent bread, 13 percent. so as anyone really went here. well yes. because the money always flows upstream and many other couple companies making fertilizer are boosting their bottom line. monsanto is also build a stronger though controversial feeds, pulled cash and tara are selling fertilizer to boost crop yields. so those industries are in a good position as the overall global food supply is shrinking relative to demand as the world population grows. so how long is food inflation going to last? well, it looks like it's here to stay for the foreseeable future as so many policies are

unintentionally yielding lower crop harvest. so the prices will continue to increase in the near camp, but should be sometime in 2023 as supplies, stabilize, and farmers in message can take standing there again, thanks for watching. i'm happy i and i see you next time right here on the cost of everything. ah, ah ah, with by the middle of the 19th century, practically the whole of india had been under the rule of the british empire. the colonial authorities had imposed that heavy death bringing the people into poverty and were exporting natural resources. and moreover, these authorities absolutely had no consideration for the provisions of the local

population, treating them like 2nd class citizens. the british were showing signs of disrespect even to those who cooperated with them. the fact of ignoring the religious beliefs of the hindus led to the mutiny of the see boys mercenary soldiers serving under the british ground. 3000000000 began on the 10th of may 1857 in the garrison town of may river, north of india. in the form of a mutiny. the rebels quickly took over daily. the heroic resistance of the indian people lasted for one and a half years. however, the forces were not equal to the colonial authorities dealt with the rebels cruelly, the enslaves, the boys were tied to the mouth of the cannon and were shot right through their bodies for the amusement of the public. these type of execution was called the devil's with the obliteration of the mutiny resulted in the death of 800000 inhabitants of india. however, the british empire never broke the free spirit,

the indian and there will assist with that is this. we craft a community like oh i i dont then for a diesel fit best get them out. yeah. get get you physically move it sort of feels

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a little cold run. don't know which guy know for the don't know if i should just to do it and then you're going to use just opinion for us is come on the headline story. this are in done by the russian private military group. buckner reports taking a key suburb of the archibald dollars, locals, who were safely evacuated, helping sharing their i'm from our to us yesterday. wagner evacuation many thanks to them for point was our otherwise we would have died. sure. like i said, his hopes are high up, securing a much needed anticipated loan from the i m f in the external. the 1st minister steps in to help with the country.