The blockade of the Strait of Hormuz will affect the costs and volumes of food production, world analysts are categorical.
„If we take the crisis in the Middle East, the Strait of Hormuz, through which approximately 20% of oil passes, then after its closure, according to the International Energy Agency, approximately 10% stops entering the market. This leads to a shortage“, they explain.
„If we take the energy balance of the European Union, the volume of carbon sales has also recently decreased by 10% and is being replaced by coal. All this affects the production of fertilizers. The sowing season is underway. This will also affect food production“, they conclude.