Middle East conflict pushes global food prices up in March, FAO says UN agency highlights broader economic impact of disruptions in key energy routes, as Strait of Hormuz closure “sent shockwaves across the global economy, with notable spillovers to the agricultural sector”.

UN agency highlights broader economic impact of disruptions in key energy routes, as Strait of Hormuz closure “sent shockwaves across the global economy, with notable spillovers to the agricultural sector”. Bne IntelliNews #MiddleEastConflict #GlobalFoodPrices #FAO #EconomicImpact #StraitOfHormuz

WTF Wire

Iran war #fertilizershortage threatens global food prices as supply disruptions hit #farmers and raise risks of lower yields worldwide.

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The war in Iran sparks a global fertilizer shortage and threatens food prices Farmers around the world are facing fertilizer shortages and rising costs after the war in Iran disrupted shipments through the Strait of Hormuz, which handles a third of global fertilizer trade.

Iran war is now hitting global food supply. Hormuz disruption is choking fertilizer exports as planting season begins. WFP warns poorer farmers face crop losses, with higher food prices likely worldwide. #TrumpEffect #GlobalFoodPrices
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FAO: global food commodity prices fell in October, index down 1.6% from September The Food and Agriculture Organization said the FAO Food Price Index averaged 126.4 points in October, down 1.6% from September and 21.1% below its March 2022 peak, reflecting ample supplies for internationally traded commodities.

Global food commodity prices have dropped by 1.6% in October, signaling a potential relief for consumers amid ample supplies.

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