FAO: Continued crisis in the Strait of Hormuz could lead to a global food crisis
The Food and Agriculture Organization of the United Nations has warned that ongoing disruptions in the Strait of Hormuz, with reduced energy and agricultural input exports, pose a risk of rising food prices and widespread global consequences.
The Food and Agriculture Organization of the United Nations has stated that if the crisis in the Strait of Hormuz continues, the global supply chain in the energy and agriculture sectors will face serious disruptions, a situation that could lead to increased food prices and widespread economic consequences worldwide.
This international body has emphasized that restricted exports of fertilizers and energy resources directly affect agricultural production and will ultimately put pressure on global food markets.
Maximo Torero, the chief economist of this organization, warned that low-income countries will suffer the most from this situation. According to him, the shortage of vital inputs during the planting season quickly leads to reduced production, increased inflation, and a slowdown in global economic growth.
Meanwhile, restrictions on the movement of ships through the Strait of Hormuz over the past approximately 40 days have led to an increase in oil and fuel prices, intensifying concerns about the economic repercussions of this crisis.
At the same time, many economic activists have warned about the inflationary consequences of this situation on a global scale and consider it a potential factor for further instability in the markets.