Cereal numbers: the fall in food prices
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 5 September 2022
⏱️ ? minutes
🧾️ Download transcript
Summary
The worst predictions for costs have not come to pass, partly because Russia is selling plenty of wheat. But plenty of food-price woe may still await. We examine the curious re-appearance of the polio virus in the West. And the trials of “Pink Sauce” reveal the perils of being a cottage-food producer—or consumer—in the social-media age.
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Transcript
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| 0:00.0 | Hello and welcome to the intelligence from the economist. |
| 0:06.6 | In New York, I'm John Fastman. |
| 0:09.1 | And in London, I'm Jason Palmer. |
| 0:11.6 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:18.0 | Domestic transmission of polio in America ended in the late 1970s. |
| 0:22.7 | Just 25 years after the vaccine was developed. |
| 0:26.0 | But the disease had returned in Britain and America. |
| 0:29.6 | We'll discuss why and how concerned you should be. |
| 0:34.8 | And you might have heard of pink sauce, an eminently Instagrammable product born in |
| 0:40.1 | a TikTokers kitchen. |
| 0:42.1 | Sales swiftly shot up and what happened next became a lesson both for online buyers |
| 0:47.3 | and for sellers navigating a thicket of confusing rules. |
| 0:55.7 | The first. |
| 1:06.2 | Since Russia invaded Ukraine more than six months ago, many thousands of Ukrainian civilians |
| 1:11.9 | have died and more than six and a half million have fled. |
| 1:16.8 | But the invasion's effects are being felt well beyond Ukrainian borders. |
| 1:21.1 | It is contributed to an energy crisis with the cost of oil and gas soaring on global markets. |
| 1:28.2 | Yesterday, Germany unveiled a 65 billion euro package to tackle the problem with other |
| 1:34.0 | European countries expected to follow suit. |
| 1:37.6 | It came shortly after Russia's said it was suspending gas exports to Germany through |
| 1:41.6 | the Nord Stream 1 pipeline indefinitely. |
| 1:45.7 | And the war has added to arise in the cost of food. |
... |
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