Significant surge in food prices anticipated as Iran conflict affects US agriculture

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Significant surge in food prices anticipated as Iran conflict affects US agriculture

The conflict in Iran is set to impact grocery stores across America. The Strait of Hormuz serves as the primary passage for fertilizer deliveries to US farms, and recent spikes in natural gas prices have already resulted in a twofold increase in fertilizer production expenses. Experts in the industry now forecast that food prices in the US could rise by 7 to 12 percent within the next quarter, particularly affecting meat, dairy, and bread products. The USDA has issued a warning about reduced yields for corn and soybeans this summer. Here’s what every American family should prepare for at the checkout counter.

https://www.msn.com/en-us/video/money/significant-surge-in-food-prices-anticipated-as-iran-conflict-affects-us-agriculture/vi-AA22xpn6?ocid=msedgntp&pc=U531&cvid=69fae6226814481ba9eb31d3cbe0753b&cvpid=69fccc43a2434ea58a2453ba62540e82&ei=38