One Nation wants less migration - this cheesemaker says otherwise | That's Business with Alan Kohler

Описание: A closed shipping route can sound like a distant problem - until it starts showing up in the cost of Vegemite, peanut butter, milk, cheese, yoghurt, packaging, freight, fertiliser, and food on Australian shelves.

Pete Findlay runs Bega, the company behind some of Australia’s best-known products. He says the closure of the Strait of Hormuz is already driving costs higher right through the supply chain.

So, from his vantage point, what does the ongoing global energy crisis mean for food prices, for inflation after another RBA warning, and for how long businesses can keep holding the line before consumers feel the full impact?

It’s also a conversation about what Australians eat, how the food industry is changing, and why protein, wellness, GLP-1 drugs, and productivity are becoming central to the future of Australian agriculture and manufacturing.

ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC NEWS, click here: https://ab.co/2kxYCZY
Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2
Like ABC NEWS on Facebook:   / abcnews.au  
Follow ABC NEWS on Instagram:   / abcnews_au  

Note: In most cases, our captions are auto-generated.

#ABCNEWS #ABCNEWSAustralia