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Transcripts for BBCNEWS Talking Business 20240604 16:41:00

Of other markets. so the product will still have to move. and it s very similar with the fruit and vegetables, the proteins and the meats that we move. we often see some seasonality reason or some political tariffs coming in in one particular location, and therefore countries stop sourcing from one particular country or region, but they have to source from somewhere else. so, fundamentally, we have the flexibility to move our containers around the world on different networks to be able to keep that flow going. but on the land side operation, we continue to see increasing inflationary costs coming through, on transport costs, labour costs, we ve had a number of quite large renegotiations to do with the salaries on transport workers on the land side operations, and all of that comes through as additional costs to the supply chain. so we have to factor that in. on the ocean side, we ve, i think, done a lot of innovation on shipping ....

Somewhere Else , Labour Costs , On Transport Costs , Supply Chain , Ocean Side ,

Transcripts for BBCNEWS Talking Business 20240604 10:41:00

We move actually a lot of rice in containers. and so we won t be moving so many containers of rice out of india. but the final markets where that indian rice was being consumed will now have to source rice out of other markets. so the product will still have to move. and it s very similar with the fruit and vegetables, the proteins and the meats that we move. we often see some seasonality reason or some political tariffs coming in in one particular location, and therefore countries stop sourcing from one particular country or region, but they have to source from somewhere else. so fundamentally, we have the flexibility to move our containers around the world on different networks to be able to keep that flow going. but on the land side operation, we continue to see increasing inflationary costs coming through, on transport costs, labour costs, we ve had a number of quite large renegotiations to do with the salaries on transport workers on the land side operations, and all of that comes ....

Force India , Indian Rice , Somewhere Else , Land Side Operation , Labour Costs , On Transport Costs , Land Side Operations ,

Transcripts for BBCNEWS Talking Business 20240604 23:40:00

Still in containers which are commodity related. so, you know, for example, the rice ban in india in the last couple of weeks, i mean, as an industry, we move actually a lot of rice in containers. and so we won t be moving so many containers of rice out of india. but the final markets where that indian rice was being consumed will now have to source rice out of other markets. so the product will still have to move. and it s very similar with the fruit and vegetables, the proteins and the meats that we move. we often see some seasonality reason or some political tariffs coming in in one particular location, and therefore countries stop sourcing from one particular country or region, but they have to source from somewhere else. so fundamentally, we have the flexibility to move our containers around the world on different networks to be able to keep that flow going. but on the land side operation, we continue to see increasing inflationary costs coming through, on transport costs, ....

Force India , Brice Ban , Indian Rice , Somewhere Else , On Transport Costs , Land Side Operation ,

Transcripts for BBCNEWS Talking Business 20240604 22:30:00

Around the world, but also threatening the return of higher globalfood prices. as record heat waves set off wildfires in europe, as hot weather followed by floods force india to ban some rice exports and put parts of china under water. and as russia starts to bomb grain silos in ukraine, could we start seeing food shortages in some parts of the world and rising food prices everywhere? if anyone knows, it s this week s line up. they are a commodities expert who s always kept us ahead of the curve on prices. and the big boss of one of the world s biggest freight transport companies is going to tell us how costs and concerns are shaping his industry. also on the show, she s the big boss of one of the world s biggest retailers. ....

Globalfood Prices , Around The World , Food Prices , Heat Waves , Force India , Food Shortages , Grain Silos , Big Boss , Commodities Expert , Line Up , On Transport Costs , Freight Transport Companies ,

Transcripts for BBCNEWS Talking Business 20240604 22:37:00

Have actually stopped declining because of the effects of the pandemic, but also since then, the global inflation. and you re right, food inflation is so prevalent in these parts of the world, not only because food prices are going up, as we ve been mentioning, but also because the cost of importing these have gone up so much. the cost of transporting and shipping these costs has gone up so much. and these. the global south are really struggling to get hold of dollars and hard currency. commodities and foods are pretty much always denominated in us dollars. and the fact that these countries are struggling to get hold of dollars in order to import this is really putting a strain on those economies. so i think the famine, i mean, governments will do what they can to try and avoid it. and this is exactly what india is doing. they re trying to avoid domestic food inflation, but i m afraid parts of africa and the very, very poorest of countries may see the poor really struggle with access t ....

Food Prices , Food Inflation , On Transport Costs , Global South ,