El Niño, War, and Fertilizer Costs Create a Dangerous Inflation Cocktail
Analysts say India is most exposed as a weak monsoon could lift food prices, slow growth and pressure the Reserve Bank of India.
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4 Articles
The Iran war sent fertilizer prices up 40%, and your grocery cart may be next
An often-overlooked farm input is getting pricier, and shoppers may soon notice the difference in their grocery totals. The Iran War has raised fertilizer costs by snarling a key shipping route, further contributing to already rising food costs. What's happening? Nexstar reported (via The Hill) that before the conflict, about 30% of the world's fertilizer moved through the Strait of Hormuz, a passage compromised by the conflict. Over a three-mon…
El Niño, War, and Fertilizer Costs Create a Dangerous Inflation Cocktail
Rory Green, TS Lombard's chief China economist, is the latest Wall Street strategist to warn of the mounting macro and food inflation risks that a super El Niño could release on certain regions of the world. In a note titled "Super El Niño: Famine Follows War?" Green warns that war-related disruptions to energy and fertilizer markets, compounded by adverse weather conditions, could create a perfect storm for global food prices. Green said, "In g…
The persistent uncertainties surrounding the Strait of Hormuz and the feared impact of the El Niño weather phenomenon threaten to have unprecedented consequences for Asian countries. The United Nations Food and Agriculture Organization (FAO) fears that 7 to 8 million tonnes of rice production in Asia and the Pacific could be at risk. Rising energy and fertilizer costs are leading to higher food prices throughout the region.
Closing the narrow Ormuz after the war between Israel, the US and Iran cut off the supply of energy and fertilizers from South-East Asia, pushing governments to pass officials to the week...
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