out as the world economy gets back on its feet. right now though, it s having major knock on effects in other parts of the economy including food production. 0ur correspondent katy austin reports. the price of natural gas a key source of the energy which heats our homes and powers our industries has soared. it s a global issue with causes including high demand. the price has gone up so much that some smaller energy suppliers have gone bust. there are fears more will follow. the regulator 0fgem says it s working to ensure consumers continue to be protected. the business secretary held crisis meetings with the industry at the weekend, and there will be further talks today. because the industry forecasts ahead, we can see that this is a peak and then we expect prices come down in the spring. so, really, conversations are about how we manage a very tight autumn/winter period and the specific impacts we think that these prices will have on industry.
there are fears more will follow. the regulator 0fgem says it s working to ensure consumers continue to be protected. the business secretary held crisis meetings with the industry at the weekend, and there will be further talks today. because the industry forecasts ahead, we can see that this is a peak and then we expect prices come down in the spring. so, really, conversations are about how we manage a very tight autumn/winter period and the specific impacts we think that these prices will have on industry. another knock on impact of energy being so expensive is that production has been halted at two large fertiliser plants in england. they make carbon dioxide as a by product, and that is used widely by food producers for example, in meat production and packaging. some manufacturers and supermarkets have warned of shortages if the problem isn t urgently resolved. iceland says it s not seeing problems yet, but the situation is a concern. our supply chain are building up an additional
and energy bosses will be held later, as ministers consider emergency state backed loans to encourage firms to take on more customers. surging gas prices have left some energy companies battling to stay afloat while supermarkets have warned they could also affect food supplies. the prime minister has said the problems are temporary. katy austin reports. the price of natural gas a key source of the energy which heats our homes and powers our industries has soared. it s a global issue with causes including high demand. the price has gone up so much that some smaller energy suppliers have gone bust. there are fears more will follow. the regulator 0fgem says it s working to ensure consumers continue to be protected. the business secretary held crisis meetings with the industry at the weekend, and there will be further talks today. because the industry forecasts ahead, we can see that this is a peak and then we expect prices come down in the spring. so, really, conversations are about h
there are fears more will follow. the regulator 0fgem says it s working to ensure consumers continue to be protected. the business secretary held crisis meetings with the industry at the weekend, and there will be further talks today. because the industry forecasts ahead, we can see that this is a peak and then we expect prices come down in the spring. so, really, conversations are about how we manage a very tight autumn/winter period and the specific impacts we think that these prices will have on industry. another knock on impact of energy being so expensive is that production has been halted at two large fertiliser plants in england. they make carbon dioxide as a by product, and that is used widely by food producers for example, in meat production and packaging. some manufacturers and supermarkets have warned of shortages if the problem isn t urgently resolved. iceland says it s not seeing problems yet, but the situation is a concern.
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