For a while yet if in the future at all, pointing to an unstable global Food Supply Pressurised by the war in ukraine. Now the price of food in the uk rose by nearly 17. 5 in the year tojune, which was actually a fall from a high of just over 19 in the year to march, following an overall drop in the wholesale price of food which you can see here peaking when russia invaded ukraine last year. It has been trending downwards. But prices are still much higher than before the war and have started creeping up again. Lets discuss this with Kona Haque Head of reserach at commodities house ed and f man holdings. Good to have you on the programme. Do you agree with the Chief Economist at the Bank Of England that actually high food prices are here to stay . I think at least for the sure term we still have got some pressures that will keep prices elevated. The factors globally, the stocks, global stocks of the stocks, global stocks of the grains, the staples such as grains and oils, and sugar, the
I mean, these figures for trade are actually even worse than economists had anticipated in terms of exports. Its the weakest data since back in february 2020, when china, of course, was right in the thick of the pandemic. Why is this data so bad . Well, its mainly to do with chinas customers abroad. Theyre really struggling with high inflation, high Interest Rates. So theyre spending less money on chinese goods. And if youre a policymaker in beijing, well, its difficult to say what you should do about that. You cantjust force other countries to start buying more of your goods. But theres also more to contend with. If you look at the spending within china, thats also looking not very encouraging at the moment. Tomorrow, were expecting some more figures to be coming out, which will probably show Deflation Prices actually going down in china. Thats a bit more difficult to explain. But there are some people who think that chinas Zero Covid Policy went on for so long that customers just are
Watters and it greg gutfeld, this is the five. Mr. Trump want to start by thanking the Supreme Court for his unanimous decision today, it was a very important decision. Very wellcrafted. I think it will go a long way towards bringing our country together, which our country needs . You cannot take somebody out of the race, the person can take some body out of the race very quickly. About a quarter not be doing the and Supreme Court saw that very well. It is a very big day for ame america, it is of a big day for liberty and i think it is just a great day for this country. Dana donald trump somebody his unanimous nonis your victory at the Supreme Court, every single just as a ruling in favour of the former president and rejecting colorados attempts to keep them off the ballot. The decision falling ones of debated following if trump was in violation of the insurrectionist claws of the 14th Amendment. Despite the former president never being charged with insurrection. And this is quite a re
Like to thank my team for their loyalty and continued damages doing that dedication for supporting me and my constituents. That is the statement they are from margaret ferrier, x mp. Lets get the sport now. Hello. Were starting with football and the latest news from the womens world cup. And european champions england are through to the knock out stages they finished top of group d after a thumping 6 1 win over china. Laurenjames scored twice in the victory in adelaide this her second goal to make it 4 1 her third of the tournament so far and shes also had several assists. England as a whole havent faced a Top Ranked Team yet at this world cup, but head coach Serena Wiegman is understandly pleased with her squad. Im very delighted. What i said before the game, where going to do things a little different than we did before. And we did really well. It shows how adaptive this team is. It shows how adaptive this team is. I think they are enjoying themselves on the pitch. What we expected f
According to the british retail consortium, Food Inflation fell last month to 13. 4 thanks to the lower cost of staple goods like oils, breakfast cereals, fats and fish. Heres our Business Correspondent emma simpson. It may not feel like it but the worst of food price rises could now be over. Grocery bills, though, are still way too high for many shoppers. Like, before you can just walk in with £10 and get a lot of things but now even £10 cant even buy what you actually want to buy. I mean, at the moment im ok but i guess im very lucky. But if it increased any more, just like Mortgage Rates as well, just like, yeah, the whole things going up, isnt it . Instead of Buying Luxuries now i buy the basics. Todays Food Price Figures come from the trade body for retail which also monitors the change in shop prices. Lets take a look at this chart which tells the story. Now, you can see how food prices jumped from last year. They were going up before the war in ukraine, but then they really st