FAO warns Hormuz closure could trigger food price crisis
The FAO warns a Hormuz closure could cause a food price crisis within 12 months. It urges alternative routes and no export curbs to protect agrifood supplies.
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The Food and Agriculture Organization (FAO) warns a Strait of Hormuz closure could trigger a systemic agrifood shock that could lead to a global agrifood price crisis within six to 12 months. The FAO Food Price Index rose for a third consecutive month in April due to high energy costs. The window for preventive action on trade routes and humanitarian flows is closing quickly.
