Hormuz Gridlock Risks Global Food Crisis, International Chamber of Commerce Chief Says
8 Articles
8 Articles
The Secretary-General of the International Chamber of Commerce, John Denton, stated that interruptions of shipping through the Strait of Ormuz could degenerate into a global food crisis due to a sharp decline in fertilizer supplies. Disruption of shipping through the Strait of Hormuz could turn from an energy crisis to a global food crisis due to a reduction in fertilizer supplies. The Wall Street Journal writes: "Disruptions in the vital sea ro…
The head of the International Chamber of Commerce, John Denton, warned of the risk of a global food crisis due to disruptions in shipping through the Strait of Hormuz in connection with the war between the United States and Iran
The head of the International Chamber of Commerce, John Denton, warned of the risk of a global food crisis due to disruptions in shipping through the Strait of Hormuz in connection with the war between the United States and Iran. According to him, the...
FM Nirmala Sitharaman, while talking about the Hormuz Strait crisis and the disruption in Bab-el-Mandeb, warned that due to all this, a major food crisis is looming over the world.
The main problem is the break-up of conventional mineral fertilizer supply chains, which affected almost 40 per cent of the world ' s fertilizer trade in the Strait of Ormuz, and about 2.7 million tons lost the market due to difficulties in re-routing logistics routes.
The International Chamber of Commerce (ICC) has warned that disruptions to shipments through the Strait of Hormuz threaten global food security. It noted that disruptions in the strait, through which approximately one-third of global fertilizer shipments pass, have reduced available fertilizer capacity by 40 percent, and predicted that grain prices could rise by up to 80 percent if the crisis continues. 🚆
Disruption of shipping through the Strait of Ormuz may grow from an energy crisis to a global food crisis due to reduced fertilizer supply, . . 05.10.2026, PRAM
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