Strait of Hormuz disruptions may boost food inflation, UN FAO chief economist warns (opens original article in a new tab)

Strait of Hormuz disruptions may boost food inflation, according to UN FAO chief economist Maximo Torero, who noted that corn, soybean, and wheat prices could rise due to shipping issues, with price trends depending on developments in the strait.

• Strait of Hormuz disruptions may increase food inflation
• Corn, soybean, and wheat prices could rise due to shipping issues
• Price trends depend on developments in the Strait of Hormuz