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ClimateQuiet 2d · day 3

Black Sea blockade, Middle East strait turmoil converge to threaten global food prices

Shipping disruptions in Ukraine war and regional conflicts push grain and fuel costs higher as harvest season opens.

newest coverage 2d agosummary written 2d ago8 pieces3 likes & upvotes1 comments NewswiresMastodon

What to know

  • Russia-Ukraine war bombardments of shipping infrastructure, combined with instability at Hormuz and Bab el-Mandeb straits, are restricting global grain and fuel flows during harvest season.
  • Russia and Ukraine together supply a quarter of global wheat; poor countries face the greatest vulnerability to resulting price spikes.
  • UN Food and Agriculture Organization warns food commodity markets are seeing a "risk premium" return as climate change compounds pressure on food prices.

Russia and Ukraine Combatants in war affecting grain supplyUN Food and Agriculture Organization International food policy body

Black Sea blockade, Middle East strait turmoil converge to threaten global food prices
semafor.com

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

Peak 3 pieces in one hour at Sep 20, 6 PM; 8 pieces over 3 days (2 articles · 6 posts) Sep 20, 6 PM — 3 pieces · 1 article · 2 posts — Mastodon 2, Newswires 1Sep 20, 7 PM — quietSep 20, 8 PM — quietSep 20, 9 PM — quietSep 20, 10 PM — quietSep 20, 11 PM — quietSep 21, 12 AM — quietSep 21, 1 AM — quietSep 21, 2 AM — quietSep 21, 3 AM — quietSep 21, 4 AM — quietSep 21, 5 AM — quietSep 21, 6 AM — quietSep 21, 7 AM — quietSep 21, 8 AM — quietSep 21, 9 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Sep 21, 10 AM — quietSep 21, 11 AM — quietSep 21, 12 PM — quietSep 21, 1 PM — quietSep 21, 2 PM — quietSep 21, 3 PM — quietSep 21, 4 PM — 2 pieces · 2 posts — Mastodon 2Sep 21, 5 PM — quietSep 21, 6 PM — quietSep 21, 7 PM — quietSep 21, 8 PM — quietSep 21, 9 PM — 1 piece · 1 post — Mastodon 1Sep 21, 10 PM — quietSep 21, 11 PM — quietSep 22, 12 AM — quietSep 22, 1 AM — quietSep 22, 2 AM — quietSep 22, 3 AM — quietSep 22, 4 AM — quietSep 22, 5 AM — quietSep 22, 6 AM — quietSep 22, 7 AM — quietSep 22, 8 AM — quietSep 22, 9 AM — quietSep 22, 10 AM — quietSep 22, 11 AM — quietSep 22, 12 PM — quietSep 22, 1 PM — quietSep 22, 2 PM — quietSep 22, 3 PM — quietSep 22, 4 PM — quietSep 22, 5 PM — quietSep 22, 6 PM — quietSep 22, 7 PM — quietSep 22, 8 PM — quietSep 22, 9 PM — quietSep 22, 10 PM — quietSep 22, 11 PM — quietYesterday, 12 AM — quietYesterday, 1 AM — quietYesterday, 2 AM — quietYesterday, 3 AM — quietYesterday, 4 AM — quietYesterday, 5 AM — quietYesterday, 6 AM — quietYesterday, 7 AM — quietYesterday, 8 AM — quietYesterday, 9 AM — quietYesterday, 10 AM — quietYesterday, 11 AM — quietYesterday, 12 PM — quietYesterday, 1 PM — quietYesterday, 2 PM — quietYesterday, 3 PM — quietYesterday, 4 PM — quietYesterday, 5 PM — quietYesterday, 6 PM — quietYesterday, 7 PM — quietYesterday, 8 PM — quietYesterday, 9 PM — quietYesterday, 10 PM — quietYesterday, 11 PM — quiet 12
Sep 21Sep 22yesterdaynow · 12:58 AM ET
  1. 2

    Semafor reports global trade turmoil converging from multiple shipping choke points

    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."

    “The risk premium is returning to food markets…”
    — UN Food and Agriculture Organization chief economist
    1. 1 outlet Global trade turmoil risks food price shock

      first by Semafor, 2d ago

    • GiftArticles@tomkahe.com

      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…

      GiftArticles@tomkahe.comMastodon2d agoview on Mastodon ↗
    2 more of the top 3 · 3 posts in this stretch

    • 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:

      semafor@threads.netMastodon2d agoview on Mastodon ↗

    • Restrictions on shipping through key global trade routes are stoking concerns of a coming worldwide food-price shock, with poor countries particularly ill prepared.

      semafor@threads.netMastodon2d agoview on Mastodon ↗
    all of them →
  2. 1

    Bloomberg reports Black Sea blockade snarling grain shipments amid Ukraine war

    Bloomberg Markets coverage focuses on the war in Ukraine disrupting vital grain shipments and forcing buyers to source supplies elsewhere, as the world's attention remains on oil markets.

    “As the world focuses on the oil market, the war in Ukraine is snarling vital grain shipments and forcing buyers to scramble for supplies from elsewhere.”
    — Bloomberg Markets, News outlet · source
    1. 1 outlet Black Sea Shipping Turmoil Hits Wheat Market, Amplifies Inflation Risks

      first by Bloomberg Markets, 3d ago

    • 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?utm_source=flipboard&utm_medium=activitypub Posted into Ukraine @ ukraine-thenewsdesk

      thenewsdesk@flipboard.comMastodon3d ago2▲view on Mastodon ↗
    2 posts in this stretch →

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