Continuing disruptions to shipping through the Strait of Hormuz and crucial Red Sea routes are driving up freight and fuel costs, putting further pressure on food supply chains – particularly in developing countries – UN Trade and Development (UNCTAD) warns.
Fertilizer prices have also swung sharply ahead of planting seasons. Higher costs could cut harvests, especially where farmers can’t afford enough fertilizer.
In an interview with UN News’ Nathalie Minard, UNCTAD’s agriculture and commodities chief, Rodrigo Cárcamo, warns that fertilizer price volatility, combined with an extreme El Niño weather pattern, could push yields down further and deepen hunger worldwide.
Source of original article: United Nations (news.un.org). Photo credit: UN. The content of this article does not necessarily reflect the views or opinion of Global Diaspora News (www.globaldiasporanews.com).
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