>> BOTH RUSSIA AND UKRAINE HAVE
BEEN THE BREAD BASKET OF
EUROPE.
IN TERMS OF WHEAT.
WE TALKED ABOUT URGING ALL THE
EUROPEAN COUNTRIES, AND
EVERYONE ELSE, TO AND TRADE
RESTRICTIONS ON ASCENDING
LIMITATIONS ON SENDING FOOD
ABROAD.
AND SO WE ARE IN A PROCESS OF
WORKING OUT WITH OUR EUROPEAN
FRIENDS, WHAT'S IT WOULD BE,
AND WHAT WOULD IT TAKE TO HELP
ALLEVIATE THE CONCERNS RELEVANT
TO FOOD SHORTAGES.
>> THERE IS ANOTHER
HUMANITARIAN CRISIS COMING THIS
FALL.
AND IT HAS ALREADY BEGUN.
RUSSIA AND UKRAINE TOGETHER
TYPICALLY EXPORT MORE THAN 25%
OF THE WORLD'S WHEAT.
RUSSIA IS ALSO A KEY EXPORT OF
FERTILIZER.
AND SANCTIONS HAVE CAUSED THEIR
PRICES TO SPIKE.
POTENTIALLY ENDANGERING
UPCOMING CROPS.
SOME EXPERTS ARE WARNING OF A
GLOBAL FOOD SHORTAGE.
AND SOUNDING THE ALARM ABOUT A
POSSIBLE INCREASE AND WORLD
HUNGER.
THIS REALLY MATTERS HERE AND
AROUND THE WORLD, SO LET'S
DISCUSS.
WELCOME CROP SCIENTISTS DOCTOR
SARAH, AND GABRIELA, THE
EXECUTIVE DIRECTOR OF --
A GLOBAL NETWORK WHICH FIGHT
INEQUALITY TO END POVERTY AND
INJUSTICE.
GABRIELLE I TURN TO YOU FIRST
WE KEEP HEARING AND TALKING ALL
ABOUT OUR OWN FRUSTRATIONS AT
THE GROCERY STORE.
BUT HELP US UNDERSTAND IF THERE
REALLY IS A GRAIN SHORTAGE, A
WHEAT SHORTAGE.
WHAT COUNTRIES WOULD BE HIT THE
HARDEST?
>> THANK YOU, I HAVE BEEN BACK
FROM SOMALIA.
AND THERE I VISITED, BECAUSE
THEY ARE EXPERIENCING
UNPRECEDENTED DROUGHT, SO THREE
FAILED RAIN SEASONS.
IT'S REALLY AN EXTREME
SITUATION THAT WE ARE TRYING TO
AVERT A CATASTROPHE.
AND SO MOLLY IS A COUNTRY THAT
IS ENTIRELY DEPENDENT ON
IMPORTS OF FOOD.
I MET WITH PEOPLE THERE WHO ARE
REALLY --
WITH VERY VERY LIMITED SUPPLIES
AND I AM SHARING A MOMENT FOR
EXAMPLE.
THE LITTLE WATER THAT CAN BE
BROUGHT OUT OF THE HOLES.
WE ARE CONCERNED ABOUT THE
SITUATION IN SOMALIA, ETHIOPIA,
KENYA.
AND SOUTH SUDAN HAS A FLOOD
THAT HAS BEEN GOING ON NOW FOR
FIVE YEARS.
TOGETHER IT'S A HUNGER CRISIS
THAT'S AFFECTING 21 MILLION
PEOPLE IN THE WHOLE OF AFRICA,
AND EAST AFRICA.
>> SARAH, WE KNOW WE CANNOT
CONTROL DROUGHTS, WE CANNOT
SPEED UP CROP GROWTH OR HIT GO
ON FARMS.
BUT ARE THERE OTHER COUNTRIES
AND A POSITION TO MAKE UP FOR
THIS PROBABLE SHORT FOR FROM
RUSSIAN AND UKRAINIAN WHEAT?
>> WE CAN INCREASE CROP
PRODUCTION, CROP FUTURES FOR
WHEAT STARTED INCREASING BACK
IN NOVEMBER.
PEOPLE STARTED PLANTING MORE
ALL AROUND THE WORLD.
INDIA IN PARTICULAR, THE
SHORTFALL FROM UKRAINE AND
RUSSIA IS PROJECTED TO BE 7
MILLION TONS.
WHICH SOUNDS LIKE A LOT, BUT
INDIA EXPORTS 6 TO 4 BILLION
TONS A YEAR.
ALMOST INCREASED EXPORTS FROM
INDIA ARE SET TO COVER THAT.
THE UNITED STATES HAVE 50
MILLION TONS JUST LEFT OVER
FROM LAST YEAR.
WE PLANTED 4 MILLION MORE TONS
OF SEED.
SO THE UNITED STATES PLUS
AUSTRALIA, SOUTH AFRICA, CANADA,
A LOT OF WHEAT EXPORT AND
COUNTRIES WHICH ARE PREPARING
THIS BACK IN NOVEMBER.
WHEAT YOU PLANT IN THE FALL AND
YOU HARVEST IN THE SPRING.
THOSE LARGER CROPS ARE STARTING
TO COME IN.
TO THE POINT WHERE ELEVATORS
ARE NOT USING THE SAME HIGHER
PRICES THAT THE WALL STREET
WORKERS ARE.
WE ARE STARTING TO GET TO
DIFFERENT LEVELS.
PEOPLE IN THE GREEN TRADE ARE
DOWN HERE, AND THE WALL STREET
GUYS ARE UP HERE.
AT SOME POINT THEY WILL HAVE TO
COME BACK DOWN.
THERE ARE SOME CRAZY BUBBLE
GOING ON.
THAT THE CROP PEOPLE --
THE CROP PRICES ARE GOING OFF,
NOT NEARLY TO THE LEVEL WE HAVE
SEEN FROM WALL STREET.
THE PRICES ARE NOT REFLECTING
REALITY, THEY'RE NOT REFLECTING
WHAT PEOPLE EXPERIENCED AND
CROP TRADE, THAT THEY ARE GOING
ALONG WITH.
THAT'S INTERESTING TO WATCH.
>> GABRIELLA THAT SOUNDS LIKE
VERY GOOD NEWS, SO FOR THE
CONCERNS THAT WE HAVE IN
DIFFERENT PARTS OF THE WORLD.
SPECIFICALLY WHERE YOU JUST
LEFT, COULD THIS BE GOOD NEWS?
THEN YOU COULD BE GETTING
IMPORTS FROM OTHER COUNTRIES,
AND NOT NEED RUSSIA AND UKRAINE?
>> WELL I SUPPOSE THAT WOULD BE
A BIG CHANGE IN SUPPLY CHAINS
AT THE MOMENT.
IN SOMALIA IT'S ALMOST 100%
WHEAT FROM UKRAINE AND RUSSIA.
AND IT'S THE SAME FOR THE REST
OF THE REGION.
AND ADDED TO THAT, WE HAVE THE
ISSUE OF FUEL PRICES THAT HAVE
GONE UP AS WELL.
SO EVERYTHING HAS TO BE
DISTRIBUTED ACROSS THE COUNTRY
IN TRUCKS THAT ALSO USE FUEL.
THAT'S ANOTHER PROBLEM.
AND TO COMPOUND EVERYTHING OF
COURSE, GONE INTO FURTHER DEPTH
BECAUSE OF COVID.
AND NOW THE SITUATION IS THAT
THE UN APPEAL THAT IS FOR SIX
BILLION FOR THE COUNTRIES
SPECIFIC HERE.
THEY HAVE ONLY RECEIVED 3% OF
FUNDING.
SO THERE IS NO MONEY ALSO TO
BUY THE WHEAT THAT WOULD BECOME
AVAILABLE.
SO WE ARE VERY CONCERNED ABOUT
THAT.
WE MAY BE FACING A VERY
CATASTROPHIC SITUATION AS THE
WORLD IS NOT FOCUSING ON THIS