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The Highwire with Del Bigtree

ARE HIGH GAS PRICES JUST THE BEGINNING?

The Highwire with Del Bigtree

The Highwire with Del Bigtree

News, Society & Culture, Health & Fitness

4.93.4K Ratings

🗓️ 14 March 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

As gas prices rise, all eyes are now on food prices as the conflict in Ukraine has the potential to shift the balance of global food security. Coming off the back of soaring food inflation after two years of failed COVID lockdowns, Are countries prepared to navigate these new geopolitical waters?

#Ukraine #GasPrices #FoodCrisis #EnergyCrisis #FoodProductionChain

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Transcript

Click on a timestamp to play from that location

0:00.0

As everyone knows, we're not reporting in a vacuum here.

0:04.4

There is situations happening right now in Europe and Ukraine, probably some of the most

0:10.4

serious since World War II.

0:13.6

There is ripple effects coming out from this, and we're going to report on some of that

0:16.9

right now as we will continue our reporting going forward.

0:20.4

Here's a headline of the New York Post, a skyrocketing food prices it's talking about.

0:25.2

Prices reach record highs, skyrocket by 20.7% across the globe.

0:30.0

This was compiled by the United Nations Food and Agricultural Organization.

0:33.8

It tracks food staples, and they were blaming this rise on crop conditions, reduce export

0:40.6

availability.

0:42.4

Here's the kicker.

0:44.4

This was put together before the war in Ukraine started.

0:48.2

Let that sink in for a second.

0:50.2

This was just really from the last couple of years of the lockdowns.

0:54.2

Now we go to the next headline here.

0:56.8

Remember, Ukraine is really called the bread basket of Europe.

1:00.8

Putin's energy shock is broadening into a world food crisis.

1:05.0

So brace for rationing.

1:06.0

It says here, roughly 33% of world exports have barely come from Russia and Ukraine combined.

1:11.4

29% of wheat, 19% of maize, as well as 80% of sunflower oil.

1:17.4

It goes on to say, quote, everything is going up vertically.

1:20.6

The whole production chain for food is under pressure from every side.

...

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