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Out if the world s fourth biggest oil producer can help solve our energy shortage. wherever in the world you arejoining me from, once again, big hello and welcome to the show. you know, the cost of food, it s rising and it s certainly been noticed in shopping baskets all around the world. prices were already heading upwards because of the impact of the coronavirus pandemic but then came a war in ukraine. what happens inside that country s borders is also being felt outside of them. why? because it s a major exporter of crops such as corn, wheat and sunflower seed. so, just how bad is the situation? ....
Why? because it s a major exporter of crops such as corn, wheat and sunflower seed. so, just how bad is the situation? well, the united nations food agency has an index which measures international prices for a range of raw ingredients, such as cereals, meat and oil. it hit a record high in february in fact, the highest since records began 60 years ago. most of february s un food price numbers was put together before russia s invasion of ukraine. so there are major concerns that prices will rise even more with their supplies cut off from the global markets. there are many reasons behind the increases. one big one is the soaring cost of fertiliser. natural gas is a key ingredient for making fertiliser but europe is looking to end its reliance on russian gas a change that is increasingly problematic for farmers. take a listen to the boss of the world s biggest ....