JPMorgan warns of potential 2027 global food crisis driven by Hormuz disruptions and El Niño JPMorgan economists warn that a “compounding storm” of war, extreme weather and supply chain fragility could trigger a global food crisis by 2027. The bank projects global food inflation will accelerate to 5% by the first half of next year, driven by Strait of Hormuz shipping disruptions and a “historic” El Niño. Analysts identify India, Colombia, Indonesia, Brazil, South Korea and Taiwan as the most sensitive economies to food price shocks. China’s major grain-producing provinces have launched state floor-price purchasing programs in response to rising…
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