Food Crisis and Related Risk Factors
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How the Iran crisis affects fertilizer-dependent countries: The case of Mexico
Key takeaways •Reduced traffic through the Strait of Hormuz is squeezing farmers. Energy and fertilizer prices are climbing faster than food prices, eroding producer profitability.•Mexico is highly exposed to fertilizer import shocks. Heavy reliance on imported nitrogen and potash makes the sector vulnerable to external disruptions like the Iran crisis.•High-value and staple crops face different pressures.
Conflict, Extreme Weather Drive Continued Food Crisis in Haiti
A new alert from IPC reports that over 5.83 million Haitians—more than half the country’s population—will experience acute food insecurity (IPC Phase 3 or above) by June 2026. That includes almost 1.9 million people in emergency levels of food insecurity. While these numbers show evidence of slight improvement from IPC estimates published in September 2025, the latest alert emphasizes that these improvements are highly localized.
FAO Food Price Index sees second consecutive monthly rise, driven by energy prices
The FAO Food Price Index rose for the second month in a row in March, up by 2.4 percent from February. As the conflict escalates in the Near East, global energy prices have surged, with varying impacts on commodity prices. The Index reached 1 percent above its March 2025 level but remains nearly 20 percent below the peak of March 2022. The Cereal Price Index increased by 1.5 percent in March, with all major cereals except rise seeing a rise in prices. Wheat prices rose by 4.3 percent due to concerns over drought in the U.S.
Will the Iran crisis lead to another round of food price spikes?
Key takeawaysFertilizer and energy, not food, are the core shocks. The Hormuz closure is disrupting energy and fertilizer shipments and driving up prices, but grain markets remain stable. Classic food price‑spike conditions are absent. Strong demand, tight stocks, weak dollar, and weather shocks aren’t aligning as in past crises. Food prices likely won’t surge soon. Ample global stocks and favorable crop conditions limit the risk of broad commodity price spikes. Agricultural commodity prices have been under sustained downward pressure s
The Iran war’s impacts on global fertilizer markets and food production
Key takeaways
•Shipping restrictions in the Strait of Hormuz have already driven sharp increases in fertilizer and energy prices.
•Higher prices could reduce fertilizer use and lower crop yields if the disruption persists, posing significant food security risks.
•Most vulnerable are countries heavily dependent on Persian Gulf fertilizer and natural gas—especially in Africa and South Asia.