IFAD: Shipping Crisis Will Lead to Higher Food Prices

The President of the International Fund for Agricultural Development (IFAD) told Safir Arjan today that the disruption of shipping through the Strait of Hormuz is evident in agricultural harvests, reducing farm yields and raising food prices.

The head of the International Fund for Agricultural Development (IFAD) told Ambassador Arjan today that the impact of the disruption in shipping through the Strait of Hormuz is evident in the harvest of agricultural products and will reduce the yield of farms and increase the price of food.