Red Sea unrest is bad news for world's fragile food supply
Italian exporters, which sell about $4.4 billion of agricultural produce to Asia, are worried that going around Africa will hurt freshness and add to costs for fruits.
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Italian exporters, which sell about $4.4 billion of agricultural produce to Asia, are worried that going around Africa will hurt freshness and add to costs for fruits.
Food Supply: Italian exporters, which sell about $4.4 billion of agricultural produce to Asia, are worried that going around Africa will hurt freshness and add to costs for fruits.
(Bloomberg) -- Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit — and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.Most Read from BloombergBlinken’s Return From Davos Was Delayed After Plane Broke DownPakistan’s Army Strikes Back at Iran as Both Sides Urge CalmApple to Sell Watches Without Oxygen Feature After Legal SetbackAirstrikes on Yemen Bring New Level of Chaos to Shipping in the Southern Red SeaNasdaq
Attacks on vessels in the Red Sea are disrupting shipments of perishable food items, potentially leading to higher prices for consumers and a slowdown in food inflation.
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