Global grain prices could surge 80% due to Strait of Hormuz disruptions, experts warn

Disruptions to shipping in the Strait of Hormuz could trigger a global food crisis, with experts predicting grain prices may increase by up to 80% in some regions. Approximately one-third of fertilizer shipments also pass through this route, and logistical bottlenecks have already reduced export volumes by 40%. The El Niño phenomenon is exacerbating the situation.

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