tv [untitled] November 23, 2011 12:30pm-1:00pm EST
it can be negotiated and afforded to some degree in. place. yet or. possibly it's not traded now but it could be in the future. with the twenty four hours a day this is r t life here in moscow top stories now. go is warning it will pull out of the start treaty and stop nuclear disarmament if the u.s. continues to deploy its missile defense shield in europe doesn't that it also says russia could point anti missile system on its own borders. thousands vent their anger egypt's military rulers with protesters staying put in the heart of cairo saying the army's concessions are not enough images council says a presidential election will be held by next summer people want them to go right
now. and the euro is in mortal danger. brussels warns tough economic governance is the only way out of the crisis but money back to germany says every country should look after itself. from the update for the moment with more news more developments in less than thirty minutes from now in the meantime a special report about how the world is producing more food than ever before but still struggles to feed the planet's poorest. was . the book i had to describe chicago's food market for theater play up was i thought it would be easy to get
information by asking a few specialist stockbrokers. who was who was was. but it wasn't like that up none of the people i asked were able to explain the norms the stock market. was was was. i began to believe it was something that couldn't be explained or conceived by the human mind therefore it was something absurd the way in which the global grain production was being allocated in comprehensible situation unbearable to everyone save a bunch of profiteers. was us.
this is by this way this is cell cancer this way. this is a sample of the by trying to your bidding a quarter of a cent this will be off. was . mr victor lespinasse as a player on the chicago crane walk ups. the chicago grain market is different from other stock markets as we know them. here it is food that is bought and sold wheat corn rice soya all of oil and milk animal and trails and even pigs stomachs. i am us might be at the desk and you fiction order into the pit hotel your broker hooked by. two hundred at the market. will buy the two hundred and then he'll flash you back no one two hundred and
say. seven and a half. hour you could say you could tell him cancel the order for us was was were the chicago grain market is the biggest in the world and it sessions largely to find the prices of the food we put on the table every day i was was it was created in eight hundred forty eight as an open and loud auction where the area's farmers would sell their crops to merchants. as practice hasn't changed much since then but the economy's ethics definitely have. i was with
global warming and biofuels have been accused of causing the food shortages that led to a dramatic increase in the crisis. unpredictable droughts have destroyed rice and wheat crops while a big part of the u.s. corn harvest is turned into fuel for cars and not for people. the classic theory of supply and demand offers a limited explanation as to why over the course of two years the prices of rice have gone up by two hundred seventeen percent of wheat by one hundred thirty six percent of corn by a hundred and twenty five percent and of soya by one hundred seven percent there's sort of theoretical ways ascribe you to say it's greed and there's practical ways ascribing to say this capitalism. is certainly a food system which is has always been somewhat corrupt and is now at this point perhaps more prices are more corrupt than has ever been before here but history. in
wealthy countries an increase in food prices means more expensive products in the supermarket however in poorer nations it means hunger and death as most people cannot afford them. i don't know that's that doesn't enter into my thinking i don't know i don't think about that i just i'm trying to figure out what the market's going to do. rather it was logical or not to me is beside the point. because what counts to me is what is the market's reaction going to be because i'm a speculator i'm trying to make money off the the movement in the price of grain.
prices maybe may have become a little. may have become too extended but the market acts really quite rationally it just takes some time for that rationality to come to fruition and to correct. until the market was corrected another seventy five million people were added to the list of the planet starved raising the total number to nine hundred twenty three million. and this happens at a moment when there is more production than ever in the last decade and there is still enough food to properly feed all the inhabitants of this planet and people have argued that it's because of increased demand for for meat and dairy products and that's simply not true or superficially a negligible consideration. it is because of speculation because it's
a commodity that serve food as a commodity like light silver gold that can be negotiated and hoarded to some degree and we're seeing that you can trace the highrise of what is because food has been put on the global scene of and this is really that's not stopping that's famines we have to bring food out of the international trading system we have to bring food back into national and local food stuff and if you. say yes. but. let's just say. that.
india is the world's second biggest rice producer following china it is also third in terms of wheat production. so it would be expected to find low hunger and malnutrition in the indicators in india. yet there are more people starving in this country than anywhere else over two hundred million pounds to complete the paradox they are mostly farmers. follows while growing up. because grain is being sold to look at the seeds this negative that the culture
as i call it is the reason the hunger in the world today. is the magic of protest states has the highest levels of child malnutrition and therefore the country's highest infant death rates. the situation is critical as an african ethiopia. but the six percent of the children they have my that is to india and this is the. good but the national family has something in my people the sixty percent and you can convert them into no but about six minutes into the are going
to be money. so these children are more probably going to normandy and it was an undefined morbidity is the money. and the prices are still but the front p.p.b. to the idea is also good because i'm going to say that it impacts on the consumption by each family member. dr van den i go well works for unicef. the organization has set up feeding centers in cities and villages in collaboration with the government. and you can. help there are voluntary workers monitoring the children's weight and health thank
you. but thank. god i'm coming off. they are in charge of feeding them since their families are too poor to do so you. know this is a people. still. a mother city she votes in feel good morning she left i don't. know she'll be better i don't really know. the only part who needs a complete if she just had to purposes morning. it is the baby in a good market for. nineteen months or being. here for a bit payments are here and i was british and the it is actually. she
had me not but i'm circumstances in their joint that is hundred. that indicates that this sadist didn't see via the if you like that each day and she needs to show you they were perfect that you aren't very good treatment. to leave you feeling you mean. you. i don't party is how can we get tries before five queues if we cost three four rupees now they cost fifty sixty rupees how can people buy it. if there is only one person working in the family how he can only get so much so what can the people do ask for
a loan should the buy vegetables should they buy wheat we also need money for doctors don't we need money to go to the mill you did nothing with five killers of wheat what can one buy with just one salary. states. when people have a big problem very worried you can see now they don't have one two children and they can't even take care of them the children are always hungry the situation is dramatic. what can the poor do spend money on doctors not feed their children well very worried. that. i've monitored the model of a good sixty rubles about one euro
a day. i spend forty eight to forty five rupees a day. or nothing. in the market the prices are very high. a kilo of oil costs eighty rupees it is very hard for us to buy it but on the field five kilos of wheat or sixty rubeus. prices have gone up a lot since last year. if there is one person working and we eat twice a day there is nothing left. for lame olive garden we can eat less but if ability but the children can be left without food on a local goodwill or level i had. a few things other than a coming a little bit of them. wow
that. sounds that. was. the residents depend on the state for food. in every town and village little state shops have been set up selling food at very low prices. google know a little bit with ninety rupees made by thirty five kilos of food and we get along with that we go to the shop with our family coupon and they give us the equivalent amount. and. this is the biggest aid provision program in the world. record for klugman so we have to be portable the fifty million pounds of you can write. and more. classes sixteen
million tons of food grids with me is the focus of the biggest food grains company in the. in one thousand nine hundred eighty seven india was forced to adapt its national provision system to the commands of a world bank and the world trade organization. dividing cheap food to the people was against competition and the free market. as a result there was greatly reduced we heading in the basic food distribution system at p.t.'s the world bank forced us to dismantle it as long as the system was in case the farmers had a guarantee. everyone could agree to affordable food with a piece of paper or ration card because india's identity got with that ration card
you could walk to your corner shop and get the one two kilos of accord with. the world bank dismantle that so that the corporations would get a market that's why most people are hundred today than fifty years ago that is right seventy percent of india's children are malnourished well india has a growth rate it's. like. at the same time the world trade organization convinced india into cancelling the limitations imposed on imports so important products flooded the market causing considerable damage to india's farming economy. before. we were going to see. which of the probably even your family were in boarding only thirty percent would know we are importing forty seven percent he said with gentle law. when food prices rocketed india like other countries limited to its exports in
order to feed its own people i will first responsibly boost won't be so if the place is going to continue to walk we will do all the riches going for this community a place is going to go soon we think he put a ban on. the export of all rice for some time so that the prices go stale. this provoked the wrath of the world trade organization which accuse a country of causing a lot of damage to the free market no i thought it was an utterly illogical decision was a very bad decision in a world where free trade as it is is always trying to grow and the world is smaller and trade is becoming freer i think that the process that india adopted was really quite illogical.
was. mr lay's going to announce gambles with food he buys thousands of tons of rice and wheat in the future in other words he buys crops that don't get exist gernot trading the actual cash physical grain your trading promises for grain to be delivered a month for six months or twelve months or eighteen months in the future so you might be trading grain that actually exists but you might just as well more often be trading grain that doesn't even exist yet. so you're trading promises and your trade them back and forth and if you make a promise to buy at a certain price at a certain time you can cancel that by selling that same contract back into the market and that's what happens with most contracts are never actually delivered upon their traded back and forth and they cancel each other out.
a very warm welcome to you this is your news today protesters on the. street they have. a. decent chance a good chance to choose it's a good look at least stances of the human experiments to. see with you dismiss the possibility expose the beazley try to sensibly come to me and his song changelings us my next attempt. to maintain our confidence in markets and. wants to be seen trade imbalances recession look even the nations close to collapsing the subprime loans close last season fail switchblade sagansky levels making as us crash and