Iran war: Six weeks in, how have food prices changed?
The conflict in Iran has now been raging for more than a month. Despite the announced ceasefire, trade through the Strait of Hormuz is still significantly restricted. Food commodities including apples, tea and especially oilseeds (as a potential replacement for crude oil) have seen strong price hikes since the war began. Energy and fertiliser prices remain high as well, putting further strain on operational costs in the food industry.
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