Food prices could rise as Iran conflict disrupts fertilizer supply chain
CNBC
The Iran conflict is disrupting fertilizer shipments through the Strait of Hormuz, raising supply concerns and potentially increasing global food inflation.
The war in Iran could raise global food prices as the conflict disrupts fertilizer shipments through one of the world's most critical trade routes.
While energy markets have focused on oil supply risks, analysts say threats to fertilizer supply chains through the Straight of Hormuz may also bring long-term economic issues through food inflation.
"Beyond energy, another risk receiving less attention is the potential knock-on effect on food prices, as fertilizer shortages push agricultural costs higher," said Wolfe Research chief economist Stephanie Roth in a note written on Tuesday.
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