El Nino, Strait of Hormuz risks may fuel fresh global food inflation surge: Citi Research Report
- Posted on May 23, 2026
- By Business News Today
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- 1 min read
El Nino, Strait of Hormuz risks may fuel fresh global food inflation surge: Citi Research Report
Global food prices are set to rise. Citi Research warns of increased inflation risks. Potential disruptions in the Strait of Hormuz and worsening El Nino conditions threaten supply. Agricultural commodity prices could surge in the coming months. Higher energy and fertiliser costs are also a concern.
