"Global fertiliser prices have surged during critical planting periods, with fuel prices rising as much as 150% within days in some markets, driving up transport and water costs."
"Commercial shipping through the Strait of Hormuz fell by more than 90%, constraining agricultural supply chains and leading to significant delays in humanitarian shipments."
"The World Food Programme estimates that 45 million additional people could be pushed into acute hunger globally, exacerbated by dry conditions in the US Plains and other regions."
Wheat prices have increased nearly 4.5% this week, driven by concerns over the Middle East conflict and dry weather in the US. Rising costs of fertiliser and diesel since the war began are affecting farmers, potentially leading to lower harvests. A report from Mercy Corps indicates that disruptions in fuel, fertiliser, and shipping are impacting import-dependent economies, particularly in Somalia, Ethiopia, and Pakistan. The World Food Programme warns that 45 million more people could face acute hunger globally due to these factors.
Read at www.theguardian.com
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