every bit of the economy. food manufacturers, growers, fertilizer one example, fertilizer from ukraine that can no longer be easily exported, the price goes up, therefore, the food chain becomes more expensive. hotels, fuel surcharges on airlines. i m not trying to paint an unduly depressing picture as such but what i m trying to do, jake, is give you a realistic view. the economy is in transition at the moment because of this war. and the higher oil prices, supply chain problems left over from the pandemic along with a pandemic that is still very relevant in many parts of the world, that s why we re going to have difficult economic times in the united states and in europe. we want to you give it to us straight, richard. no one is asking you to hold back and on that subject later
asia is a net food importing country again, whether it s palm oil or sunflower seed oil or soybean oil, they are heavy importers. asia imports their wheat from this region as well. so they re all directly impacted. what s going to happen is that food producers are going to have to then pass that on to the food manufacturers, food manufacturers then pass that on to the retailers. the retailers will then pass it on to the consumers. so, at the supermarkets, unfortunately, or in the markets generally, we will be seeing rising food inflation. and can we put a number on a rough estimate on these increases for the consumer? i would say a 20% increase year on year is something we ve already been seeing. and obviously, that will depend on where you are, because some countries will look to subsidise their consumers and protect them from the rising raw material costs. others will pass that on,
it s great that depot workers and food manufacturers will be exempt from government rules, but it is borderline pointless if you re not going to make all of the chain exempt. we need food store workers to be omitted from the list immediately. and tonight, it s emerged that those first testing sites won t be ready until monday, despite earlier government assurances, raising questions about plans for expansion. supermarkets see this as a step forward, but not the solution. the 10,000 workers involved in manufacturing and distribution who could be exempt are just a fraction of the 4 million involved in bringing ourfood from farm to plate. the government argues that you relax restrictions too much, you could see infection rates soaring, but some businesses are concerned they could be overlooked. this wholesaler in burnley is already pulling out all the stops to supply care homes and schools.
from this region as well. so they re all directly impacted. what s going to happen is that food producers are going to have to then pass that on to the food manufacturers, food manufacturers and pass that on to the retailers. the retailers will then pass it on to the consumers. so at the supermarkets, unfortunately, or in the markets generally, we will be seeing rising food inflation. and can we put a number on a rough estimate on these increases for the consumer? i would say a 20% increase year on year is something we ve already been seeing. and obviously, that will depend on where you are because some countries will look to subsidise their consumers and protect them from the rising raw material costs. others will pass that on, so they may even see higher than 20% in price increases when the cost of food is rising in these unprecedented ways. when the cost of food is rising
no longer broken. what would you like to hear from no longer broken. what would you like to hear from the no longer broken. what would you like to hear from the head - no longer broken. what would you like to hear from the head of - no longer broken. what would you like to hear from the head of the l like to hear from the head of the russian orthodox church, then? i would like him to say that this one must stop. we understand that the majority of those who are fleeing eastern ukraine, especially mariupol and also the majority of the members of the russian soldiers are russian orthodox and so i would like him to say that this war should stop. this aggression should stop. this invasion should stop. this invasion should stop. ukraine is often called the breadbasket of europe. but the war there is now seriously starting to affect the supply of sunflower oil. ukraine and russia produce most of the world s supply of it and it s rapidly becoming unavailable. food manufacturers are now rac