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[FAO: Blocked shipping in the Strait of Hormuz affects global food production] September 15th, Oleg Kobyakov, head of the Liaison Office of the Food and Agriculture Organization of the United Nations (FAO) in the Russian Federation, said in a recent interview with Russian media that blocked shipping in the Strait of Hormuz will lead to a reduction in global food production and supply in the second half of 2026 and 2027. The Russian News Agency quoted Kobyakov as saying on the 15th that the obstruction of shipping in the Strait of Hormuz will not only affect the current grain price level, but will also drag down grain production in the subsequent agricultural season. According to FAO analysis, the chain shock caused by the crisis in the Strait of Hormuz may push up food prices, exacerbating hunger in countries and regions that are already mired in long-term or severe food crises.
Futures Market Intelligence 🕐 2026-09-15 12:41

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