"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-30T13:21:33Z"
data-video-section="world"
data-canonical-url="https://www.cnn.com/videos/world/2022/03/30/breadbasket-of-europe-ukraine-russian-invasion-grain-production-countries-pkg-gorani-vpx.cnn"
data-branding-key=""
data-video-slug="breadbasket of europe ukraine russian invasion grain production countries pkg gorani vpx"
data-first-publish-slug="breadbasket of europe ukraine russian invasion grain production countries pkg gorani vpx"
data-video-tags="agriculture,agriculture, forestry, and commercial fishing,business and industry sectors,business, economy and trade,continents and regions,eastern europe,europe,exports and imports,hala gorani,hunger in society,international trade,misc people,russia,russia-ukraine conflict,societal issues,society,trade and development,ukraine,unrest, conflicts and war"
data-details="">
Video Ad Feedback
Ukrainian farmers say the Russian invasion could lead to food droughts for millions
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-30T13:21:33Z"
data-video-section="world"
data-canonical-url="https://www.cnn.com/videos/world/2022/03/30/breadbasket-of-europe-ukraine-russian-invasion-grain-production-countries-pkg-gorani-vpx.cnn"
data-branding-key=""
data-video-slug="breadbasket of europe ukraine russian invasion grain production countries pkg gorani vpx"
data-first-publish-slug="breadbasket of europe ukraine russian invasion grain production countries pkg gorani vpx"
data-video-tags="agriculture,agriculture, forestry, and commercial fishing,business and industry sectors,business, economy and trade,continents and regions,eastern europe,europe,exports and imports,hala gorani,hunger in society,international trade,misc people,russia,russia-ukraine conflict,societal issues,society,trade and development,ukraine,unrest, conflicts and war"
data-details="">
Video Ad Feedback
Ukrainian farmers say the Russian invasion could lead to food droughts for millions
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-01-26T15:35:27Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2023/01/26/united-airlines-intv-ceo-es-romans-vpx.cnn"
data-branding-key=""
data-video-slug="united airlines intv ceo es romans vpx"
data-first-publish-slug="united airlines intv ceo es romans vpx"
data-video-tags="air transportation,airlines,aviation and aerospace industry,business and industry sectors,business, economy and trade,christine romans,companies,iab-air travel,iab-aviation industry,iab-business and finance,iab-industries,iab-travel,iab-travel type,misc people,transportation and warehousing,united airlines"
data-details="">
Video Ad Feedback
'The system is stressed to the max': United CEO weighs in on industry woes
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-01-20T11:06:04Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2023/01/19/nightcap-work-from-home-employers-clip-orig-nb.cnn"
data-branding-key="nightcap"
data-video-slug="nightcap work from home employers clip orig nb"
data-first-publish-slug="nightcap work from home employers clip orig nb"
data-video-tags=""
data-details="">
Video Ad Feedback
Disney just threw down the gauntlet in the WFH battle
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-01-17T14:04:51Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2023/01/17/nyc-sober-bar-owner-cnntm-cprog-vpx.cnn"
data-branding-key=""
data-video-slug="nyc sober bar owner cnntm cprog vpx"
data-first-publish-slug="nyc sober bar owner cnntm cprog vpx"
data-video-tags="bars, pubs and taverns,brand safety-nsf alcohol,brand safety-nsf sensitive,business and industry sectors,business, economy and trade,continents and regions,food and beverage industry,food and drink,iab-attractions,iab-bars & restaurants,iab-business and finance,iab-dining out,iab-food & drink,iab-food industry,iab-industries,new york (state),new york city,north america,northeastern united states,restaurant and food service industry,restaurant industry,restaurants,the americas,united states"
data-details="">
Video Ad Feedback
Hear why this bar owner decided to open a non-alcoholic bar
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-01-13T12:33:08Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2023/01/13/inflation-ease-small-business-impact-cohen-pkg-cnntm-vpx.cnn"
data-branding-key=""
data-video-slug="inflation ease small business impact cohen pkg cnntm vpx"
data-first-publish-slug="inflation ease small business impact cohen pkg cnntm vpx"
data-video-tags="business, economy and trade,company activities and management,company structure and ownership,domestic alerts,domestic-business,economic conditions,economic indicators,economy and economic indicators,iab-business,iab-business and finance,iab-economy,iab-small and medium-sized business,inflation,international alerts,international-business,small business"
data-details="">
Video Ad Feedback
'You're just a hamster spinning on a wheel': Restaurant owner struggles to stay open
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-12-15T13:26:19Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/12/15/labor-force-men-women-yurkevich-dnt-contd-cnntm-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="labor force men women yurkevich dnt contd cnntm vpx"
data-first-publish-slug="labor force men women yurkevich dnt contd cnntm vpx"
data-video-tags=""
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-11-29T14:05:24Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/11/29/bank-of-america-ceo-brian-moynihan-economy-harlow-cnntm-vpx.cnnbusiness"
data-branding-key="perspectives-no-logo"
data-video-slug="bank of america ceo brian moynihan economy harlow cnntm vpx"
data-first-publish-slug="bank of america ceo brian moynihan economy harlow cnntm vpx"
data-video-tags="bank of america corp,brian moynihan,business figures,business, economy and trade,companies,economy and economic indicators,misc people,poppy harlow"
data-details="">
Video Ad Feedback
Bank of America CEO predicts 'mild recession' next year
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-11-18T22:44:24Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/11/18/rising-heat-costs-home-heating-oil-prices-inflation-winter-cohen-pkg-biz-lead-vpx.cnn"
data-branding-key=""
data-video-slug="rising heat costs home heating oil prices inflation winter cohen pkg biz lead vpx"
data-first-publish-slug="rising heat costs home heating oil prices inflation winter cohen pkg biz lead vpx"
data-video-tags="business and industry sectors,business, economy and trade,economic conditions,economic indicators,economy and economic indicators,electric power industry,energy and utilities,inflation,seasons of the year,utilities industry,winter (season)"
data-details="">
Video Ad Feedback
Some Americans being forced to pick between paying for groceries and heating their homes
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-11-09T19:49:31Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/11/09/stew-leonard-jr-grocery-food-price-mb-markets-now.cnn-business"
data-branding-key="markets-now"
data-video-slug="stew leonard jr grocery food price mb markets now"
data-first-publish-slug="stew leonard jr grocery food price mb markets now"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,economic conditions,economic indicators,economy and economic indicators,financial markets and investing,food and beverage industry,food prices,food production industry,holidays and observances,inflation,retail and wholesale trade,supermarkets and groceries"
data-details="">
Video Ad Feedback
Grocery chain CEO on food prices: 'My crystal ball is broken'
A perfect storm of war, extreme weather and Covid-19 will drive global food prices to levels that will cause social unrest in some parts of the world, according to David Beasley, head of the United Nations World Food Programme.
“If people can’t feed their children and their families, then the politics unsettles,” Beasley told CNN during a conference on Thursday.
Hit by high prices and supply disruptions, Beasley said the UN has been forced to ration food supplies to millions of people around the world.
Often, that means diverting food away from hungry children to feed starving children.
“If we’re not there with a safety net program, then the political extremists or whatever the case may be, will exploit that,” Beasley said during the SABEW Conference in New York. “Next thing you know, you’ve got riots, famine, destabilization and then mass migration by necessity.”
Food prices are the main problem this year, but Beasley fears next year there will be a food availability crisis, for a variety of reasons including the war in Ukraine.
“In 2023, you’re going to have a food shortage problem,” Beasley said.
Social unrest
Meanwhile, the impact of high food prices will be felt around the world, although in different ways.
“In the United States, some people might buy less Netflix, but you have enough money to buy the food you need,” Beasley said. “It’s going to be tough on people, but nothing compared to Chad, Mali and Ethiopia.”
“You’re seeing it happen in the United States, a wealthy nation, with inflation and families at the grocery store buying milk at higher prices. So can you imagine what the heck is happening in places like Chad, Malawi and DRC,” Beasley said, referring to the Democratic Republic of Congo. He pointed to recent protests in Pakistan, Sri Lanka and elsewhere.
Beasley noted that both the war in Syria and the Arab Spring uprising in 2011 were preceded by food price spikes and supply issues. And he argued that some economic metrics are already significantly worse than before the Arab Spring.
‘Much worse than you think’
Heading into January, the UN worried that 2022 would mark the worst humanitarian crisis since World War II.
And then Russia invaded Ukraine, the world’s breadbasket. Ukraine is one of the world’s leading exporters of corn, wheat, barley and sunflower oil.
Beasley estimates that under normal circumstances, Ukraine’s farmers grow enough food to feed about 400 million people. “That’s pretty much going to be out of the equation for many, many months,” he said.
Not only are some of Ukraine’s critical Black Sea ports blocked by Russia, preventing vital exports from going overseas, but the country’s farmers find themselves on the frontlines of the war, instead of tending to their crops.
“It’s going to be much worse than you think,” Beasley said.
Can billionaires do more to help?
As of about five years ago, roughly 80 million people around the world were “marching toward starvation,” as Beasley put it. But that number spiked to 135 million before Covid-19 erupted, largely due to conflict and extreme weather, he said.
Now, a staggering 276 million people are at that critical level, including nearly 49 million people in 43 countries that are on the brink of famine, according to the UN.
These sobering statistics prompted Beasley to urge the world’s billionaires to do more.
“We have a one-time crisis, unlike anything we’ve ever seen before,” he said. “You’re putting rockets up in space, you’ve got incredible technologies and mindsets. Let’s solve the hunger problem for countries around the world. It’s doable.”
Beasley noted that at the height of Covid, the average net worth increase of the world’s billionaires stood at $5.2 billion — per day.
“I just need two days of your net worth increase,” he said. “Is that too much to ask?”