Experts Warn of Impending Food Price Shock Due to Rising Costs
Experts and a former central bank advisor are warning of a significant food price shock, potentially a 10% jump, within 6 to 9 months, driven by sustained input cost rises for farmers and the Middle East conflict.
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Rising fertiliser costs leads to warning over food prices
Experts are warning of a jump of up to 10% in food prices as a result of sustained input cost rises for farmers due to the conflict in the Middle East.
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Countdown Begins: Former Central Bank Advisor Warns Food-Price Shock Could Hit "Within 6 To 9 Months" Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center and a former advisor at the Bank of Russia, warned on X that the near-shutdown of the Strait of Hormuz has triggered an energy shock that risks morphing into a "slower, more consequential story": fertilizers. "A near-shutdown of the Strait of Hormuz is triggering a supply shock that will show up in food prices ...
By Tyler Durden
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