Disruptions to shipping through the Strait of Hormuz have triggered warnings of a global food crisis
The US-Israeli war on Iran is increasingly hitting consumers far beyond energy prices. Disruptions around the Strait of Hormuz are driving up fertilizer costs and fueling a sharp rise in global food prices. Potatoes have emerged as the latest casualty as futures prices have surged in recent weeks amid mounting warnings over food security and supply chain strain.
Why are potato futures prices soaring?
Potato-linked financial contracts have spiked more than 700% over the past month and are up over 34% year-on-year as of mid-May, according to…
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