Rising commodity prices caused by these shocks will increase inflation and dampen growth worldwide. The projection indicates that 70% of commodity importers and more than 60% of commodity exporters worldwide could see weaker growth than was projected in January.
Fertiliser shipments passing through the Strait of Hormuz account for roughly one-quarter of global ammonia trade and more than a third of seaborne urea. Even the slightest perceived risk can drive up fertiliser prices, stall shipments and cause a seismic shift in food price inflation.
Mirova, the French climate-focused investment firm backed by Kering and other corporate heavyweights, has invested $30.5 million (€26.4 million) in Indian climate tech startup Varaha. This investment will help to expand the startup's regenerative farming program, supporting hundreds of thousands of smallholder farmers in northern India. The deal marks Mirova's first carbon investment in India, but its structure is unusual. Rather than taking equity, the Paris-based firm is investing cash, and will get a share of the carbon credits generated in return over time.
As an importer, Paul John Indian Caffeine currently brings six varieties of Indian green coffee to the United States, selling them to U.S. roasters or roasting them for direct online sales.
