BBC Sounds, Music, radio, podcasts.

Hello and welcome to Business Daily from the BBC World Service. I'm Sam Fennick.

The War in the Gulf has raised fresh concerns about the global food system.

Today we're looking at the impact it's having on the price of food around the world, even as a ceasefire is reached.

When it comes to serving food from farms all the way to our dinner table, that's mostly linked to fuel cost and energy cost.

The Middle East is a critical supplier of fertilizer to the global market, and disruption there can quickly ripple through to food

systems around the world. The global prices of urea, for example, have increased by over 50%

at this point compared to where we were four weeks ago. Oil and fertilizer prices have risen sharply

in recent weeks, but even as tensions ease, how long might it take

for those shocks to continue to feed through to farmers and shoppers? That's all coming up on

Business Daily from the BBC. With a ceasefire now in place between the US and Iran, oil prices have dropped from recent highs.

But the earlier surge in fuel and fertilizer costs is still working its way through the global food system,

and it's been showing up in the price of food we buy.

The interviews you'll hear in this program were recorded in the past week,

shortly before the ceasefire was reached.

I've come down to my local supermarket to do a bit of a weekly shop, and I've picked up here a loaf of bread that's in my basket.

Now, for months the price of staples like this had actually been coming down.

Global food prices have been falling for the past five months.

But there are warnings that could be about to change.

I'm over at the fridges.

Take this pack of bacon, for example.

Because pigs are fed on imported soy and grains, when those costs rise, so does the cost of this bacon in my shopping basket.

...