UN agency: Closure of the Strait of Hormuz could trigger a severe food crisis within 6 to 12 months
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Golden Ten Data reported on May 20 that Maximo Torero, Chief Economist of the United Nations Food and Agriculture Organization, stated on May 20 local time that the closure of the Strait of Hormuz is not a temporary shipping disruption but the beginning of a systemic agri-food shock that could trigger a severe global food price crisis within six to twelve months. To avoid such consequences, it is necessary to develop alternative trade routes, reduce export restrictions, ensure the flow of humanitarian supplies, and provide buffer mechanisms to cope with higher transportation costs. The Food and Agriculture Organization believes the window for taking preventive measures is quickly closing. Currently, the decisions made by agricultural operators and governments in areas such as fertilizer application, fertilizer imports, agricultural financing, and crop selection will directly determine whether a severe global food price crisis will occur in the next six to twelve months.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Singapore Dollar: Downtrend seen limited against US Dollar – UOB
FXStreet•2026/09/15 19:18
A Strong Warning from a Macro Strategist: “Don’t Let Bitcoin’s Rise Fool You…”
BitcoinSistemi•2026/09/15 19:12
Lear Shares Fall After JPMorgan Downgrade
MT newswire•2026/09/15 19:08
Rapid7 Shares Fall After JPMorgan Downgrade
MT newswire•2026/09/15 19:08
Crypto prices
MoreBitcoin
BTC
$75,933.13
-3.96%
Ethereum
ETH
$2,405.05
-5.25%
Tether USDt
USDT
$0.9994
-0.05%
BNB
BNB
$720.29
-0.79%
XRP
XRP
$1.31
-10.18%
USDC
USDC
$1.0000
+0.01%
Solana
SOL
$98.2
-4.98%
TRON
TRX
$0.3324
-2.42%
Hyperliquid
HYPE
$77.1
-5.33%
Zcash
ZEC
$1,147.88
-3.18%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now