Strait of Hormuz disruption may push global food prices higher in coming years, warns Economics Professor, Singapore
New Delhi, April 29 -- Disruptions in the Strait of Hormuz could lead to a rise in global food prices in the coming years as fertilizer supply chains are affected, a professor from the National University of Singapore has warned.
In an exclusive conversation with ANI, Danny Quah, Li Ka Shing Professor In Economics, Lee Kuan Yew School Of Public Policy, National University of Singapore, said the closure of the Strait of Hormuz has both immediate and long-term consequences, particularly for global agriculture and food supply.
"The Strait of Hormuz being closed has two effects, one immediate and then the other longer term. The first immediate effect is that actually the Strait of Hormuz sees passage not just of oil and gas, but also of min...
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