EconomyHormuz situation could drive grain prices up by as much as 80% — ICC
The International Chamber of Commerce says grain prices in some regions could climb by up to 80% if shipping restrictions through the Strait of Hormuz continue. ICC Secretary General John Denton said disruptions have affected nearly 40% of global fertilizer trade and removed about 2.7 million metric tons from the market, leaving import-dependent countries such as the Philippines especially vulnerable.
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TASS★★★★☆2026-10-05 07:29Original
Hormuz situation could drive grain prices up by as much as 80% — ICC