CryptoWorld News reports that traders warn that disruptions in shipping through the Strait of Hormuz are increasing the risk of a global food crisis. Rising natural gas prices are squeezing fertilizer production, while high-priced oil tankers competing for logistics resources are pushing out agricultural shippers. Reduced liquefied natural gas flow has led to a decline in industrial demand, with about 40% coming from fertilizer plants. Decreased fertilizer supply could hinder crop yields, driving up future food prices. Meanwhile, the Panama Canal is congested due to oil tankers cutting in line at high prices, with some freight rates for grain shipments soaring by 50%-60%. The market is said to have seriously underestimated the risk of long-term supply disruptions.

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