Crop Prices Hit Highest Since 2023 as War and Bad Weather Bite

The extended closure of the Strait of Hormuz and extreme weather have jolted the price index for farm commodities to a two-year high as fertilizer headaches and the prospect of...

By Anuradha Raghu, Hallie Gu · Bloomberg Markets

The extended closure of the Strait of Hormuz and extreme weather have jolted the price index for farm commodities to a two-year high as fertilizer headaches and the prospect of smaller harvests drive food inflation risks.