Hormuz closure could trigger 'agrifood shock', price crisis within a year, FAO warns

Posted by LiminalEra@reddit | collapse | View on Reddit | 67 comments

Submission Statement: Despite the veneer of normalcy being provided by a rapid drawdown of strategic petroleum reserves in the OECD, the UN FAO is not mincing words about what is coming:

- The closure of the Strait of Hormuz is the beginning of a "systemic agrifood shock" that could trigger a severe global ​food price crisis within six to 12 months, the United ‌Nations Food and Agriculture Organization said on Wednesday.

- The disruption is not a temporary shipping problem, the agency said, warning "the window for preventive action is closing quickly".

- FAO also warned the crisis could ​deepen with the onset of El Niño weather phenomenon, expected to bring droughts and disrupt ​rainfall patterns across several regions.

It is extremely tempting to be lulled into the illusion that nothing meaningful has changed, due to a lack of meaningful impacts on the ground in developed nations - however the shock absorption properties of strategic reserves are rapidly running out and will be hitting critical levels by August. All signs currently point to 2027 experiencing a worldwide food crisis unprecedented in modern history.