Food Prices to Rise by up to 15 Percent

The video discusses the impact of excessive rainfall on potato fields, leading to crop damage and reduced yield. It highlights the discrepancy between market prices and retail prices, suggesting a need for change. Additionally, it addresses global agricultural challenges, including droughts in Russia and the Americas, affecting crop production worldwide.

What does the phrase 'perfect storm' refer to in the context of the potato market?

Discuss the impact of drought on potato crops in different regions mentioned.