Prolonged Iran war could have ‘serious’ impact on food prices, says UN’s FAO
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The UN's FAO warns that the ongoing conflict in the Middle East could significantly impact global food prices if it lasts longer than three months. Disruptions to fertilizer production and transportation, particularly through the Strait of Hormuz, are already blocking millions of tonnes of fertilizer shipments monthly. Countries in the Persian Gulf, including Iran, are major exporters of nitrogen fertilizers, accounting for a substantial portion of global exports. The FAO projects fertilizer prices could remain elevated, increasing agricultural costs and food prices worldwide. China, despite being a major fertilizer producer, relies on imported raw materials from the region, making it vulnerable to supply chain disruptions. The FAO emphasizes the urgency of de-escalating the conflict to mitigate potential long-term consequences on global food security.
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