Hormuz shipping disruption is starting to hit harvests, UN agency says - BusinessWorld Online
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4 Articles
Hormuz Crisis Threatens Global Food Supplies as Shipping Disruptions Hit Harvests
The disruption to shipping through the Strait of Hormuz is already affecting agricultural harvests, threatening to lower farm yields and increase food prices, according to Alvaro Lario, the head of the International Fund for Agricultural Development. He explained that problems with fertilizer shipments and rising fuel and transport costs, worsened by El Niño and Black […] The post Hormuz Crisis Threatens Global Food Supplies as Shipping Disrupti…
Disruptions to shipping through the Strait of Hormuz are already beginning to affect agricultural production in the world, creating risks of reduced yields and further increases in food prices. Disruptions in fertilizer supply, rising fuel and transportation prices increase pressure on farmers, and additional negative factors are weather risks related to El Niño and interruptions in wheat exports from the Black Sea region. About this [...] The p…
Lack of agreement on the transport of fertilizers puts vulnerable regions at risk of depletion; UN fund alerts to new highs in production costs at the end of this year and at the beginning of the next period
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