Asian consumers will be facing higher grocery bills for months thanks to costly packaging stemming from the Iran war, which created severe shortages of plastics needed to get food from farms to market.
Asian consumers will be facing higher grocery bills for months thanks to costly packaging stemming from the Iran war, which created severe shortages of plastics needed to get food from farms to market.
Milk is packaged at the Farm Fresh Bhd. dairy processing facility in Muadzam Shah, Malaysia, in 2022. Photographer: Ian Teh/Bloomberg
The Iran war risk premium that swept through crop and fertilizer markets is rapidly evaporating as fears of prolonged supply disruptions fade, easing one of the biggest threats to food inflation.
The Iran war risk premium that swept through crop and fertilizer markets is rapidly evaporating as fears of prolonged supply disruptions fade, easing one of the biggest threats to food inflation.
Wheat futures extended their longest losing streak since early January, as traders returning from a US holiday digested progress in negotiations to end the Middle East war.
Wheat futures extended their longest losing streak since early January, as traders returning from a US holiday digested progress in negotiations to end the Middle East war.
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