00:00The EU's plan to shield Europe's food prices from the global energy crisis has received criticism for not providing short
00:07-term relief for consumers facing high-grocery bills.
00:10Leaders in Brussels are warning that volatile markets are feeding directly into higher grocery bills, exposing a structural weakness across
00:18the block.
00:19At the heart of the package is an attempt to break the chain reaction triggered by the Middle East conflict
00:24and the closure of the Strait of Hormuz,
00:26as the waterway controls 30% of the world's fertilizers and 20% of its natural gas supplies.
00:32European Commissioner for Agriculture Christoph Hansen insisted that while food availability is secure for now, domestic production must step up.
00:40The plan aims to mobilize emergency funds and encourage the use of alternative bio-based nutrients before the next sowing
00:47season begins.
00:48However, the agriculture community has criticized the plan for not providing enough financing.
00:53Peter Meydendorp, the president of the European Council of Young Farmers, warned that the sector cannot continue to carry these
01:01soaring input costs and geopolitical shocks alone.
01:04Agriculture Commissioner Hansen announced intentions to at least double the current 200 million euro crisis reserve.
01:12Officials hope to have a concrete financial instrument ready before the summer, as banks forecast that food inflation will hit
01:18European consumers by Christmas.
01:20I think we hope to have a conversation.
01:22For all awareness membersHealth Committee members and will always reflect on behalf of the SUV.
01:25It opens how often programs cover the world's
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