Fertiliser shortages from Iran war to dramatically raise global food prices

Fertiliser shortages caused by the Iran war will have a "dramatic" impact on global food prices next year, warns Mark Preston of the Grosvenor Group. UK fertiliser costs have surged 50% to 70% since late February as the closure of the Strait of Hormuz throttles supplies. Farmers are delaying purchases, risking reduced crop yields and higher food costs worldwide.

Summary by Glance · The Guardian Australia – Business