Shipping restrictions raise fears of a global food-price shock
Poor countries are particularly ill prepared for a potential worldwide food-price shock, Semafor reports.
TLDR
Semafor reports that restrictions on shipping through key global trade routes are stoking concerns about a worldwide food-price shock, with poor countries particularly ill prepared. The outlet says instability at the Hormuz and Bab el-Mandeb straits is driving up fuel prices, hitting farmers in parts of the West as harvest season opens.
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