Semafor reports global trade turmoil converging from multiple shipping choke points
2Sep 21 10:14 AM · 2d ago · 1 article · 3 posts · 2 sources · development 2 of 2
Rising fuel prices from instability at the Hormuz and Bab el-Mandeb straits, combined with Russian and Ukrainian bombardments of each other's shipping infrastructure, are creating a compounding food-price shock risk. The UN Food and Agriculture Organization chief economist warns that "the risk premium is returning to food markets."
semafor.com
“The risk premium is returning to food markets”
UN Food and Agriculture Organization chief economist
The Other Hormuz: Black Sea Blockade Threatens a Food Supply Shock https://www. bloomberg.com/news/features/20 26-09-20/black-sea-shipping-turmoil-hits-wheat-market-amplifies-inflation-risks?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4OTk5MTExMywiZXhwIjoxNzkwNTk1OTEzLCJhcnRpY2xlSWQiOi…
Rising fuel prices caused by the instability at the Hormuz and Bab el-Mandeb straits are hitting farmers in parts of the West just as harvest season opens. Read more:
Restrictions on shipping through key global trade routes are stoking concerns of a coming worldwide food-price shock, with poor countries particularly ill prepared.