The closure of the Strait of Hormuz is not a temporary disruption but the start of a systemic shock to global food prices, the U.N. food agency said Wednesday.

The closure of the Strait of Hormuz could trigger a severe global food price crisis within six to 12 months unless governments act quickly, the Food and Agriculture Organization warned Wednesday.

Decisions now by farmers and governments on fertilizer use, imports, financing and crop choices will determine whether food prices spike later this year or in early 2027, the agency said.

“Start seriously thinking about how to increase the absorption capacity of countries, how to increase their resilience to this choke, so that we start to minimize the potential impacts,” FAO Chief Economist Maximo Torero said in a podcast published Wednesday.

Read More Here: https://www.politico.eu/article/un-6-month-window-to-avert-food-price-crisis-from-hormuz-closure/