Iran-US-Israel War Drives Up Costs, Strains Global Food Supply Chains
The head of the International Association of Operative Millers (IAOM) Eurasia, Eren Günhan Ulusoy, said the main challenge is not just rising energy prices but a transport chain that has become more expensive, slower, and increasingly unpredictable.
“These developments will impact costs in the short term, pricing in the medium term, and overall competitiveness in the long term,” Ulusoy said.
He highlighted the strategic importance of the Strait of Hormuz, which has been largely closed since the conflict began on Feb. 28, as a vital route for energy and fertilizer supplies.
Ulusoy noted that rising diesel and fertilizer costs will play a decisive role for Northern Hemisphere crops in the new season, particularly corn and other grains. High diesel prices increase costs before planting even begins, while expensive fertilizer may lead to reduced application—affecting yield and quality—or higher production expenses, he stressed.
He also warned that fertilizer supply risks are growing due to both rising energy costs and restrictive trade policies and quotas observed globally.
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