-- The World Bank, on Tuesday, warned the Middle East conflict is set to drive up global food costs, as surging energy prices lift fertilizer prices and strain agricultural output.
Fertilizer prices are projected to rise 31% in 2026, including a sharp increase in urea prices, reducing affordability for farmers and threatening crop yields, the bank said.
The bank added that up to 45 million more people are at risk of being pushed into acute food insecurity this year if the conflict persists, as higher input costs ripple through global food supply chains.
The World Bank said the shock highlights how energy disruptions are feeding into food inflation, with the poorest populations the most exposed to rising costs.