S&P Global warns the Hormuz energy shock is turning into a food crisis. Half of world fertilizer feedstock exports passed through the Strait before the war, and fertilizer prices doubled after it closed. #Hormuz#Fertilizer#FoodSecurity
Climate shocks and wars are converging into a global food-security threat. Drought is hitting up to 80% of some U.S. cropland, while disrupted fuel, fertilizer and grain supplies are driving costs higher worldwide. #FoodSecurity#Energy#Climate
Crop prices have climbed to a 3-year high as heat waves, Black Sea disruptions, and fertilizer shortages collide. The UN warns rising energy and food costs could push 9-18 million more people into hunger worldwide. #FoodSecurity#Agriculture#Oil#Inflation
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