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FAO Warns Strait of Hormuz Closure Could Trigger Food Price Crisis

CryptoFrontier

2026-05-20 12:41:48

On 20 May, the UN Food and Agriculture Organization's Chief Economist Máximo Torero warned that closure of the Strait of Hormuz represents not a temporary shipping disruption but the beginning of a systemic agricultural-food shock that could trigger a severe global food price crisis within six to twelve months. Torero stated that to avoid such consequences, alternative trade routes must be opened, export restrictions reduced, humanitarian aid flows protected, and cost-buffering mechanisms provided to address higher transportation expenses. According to the FAO, the window for taking preventive measures is closing rapidly. Current decisions by agricultural operators and governments regarding fertilizer application, fertilizer imports, agricultural financing, and crop variety selection will directly determine whether a severe global food price crisis will occur in the next six to twelve months.

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