JPMorgan warns of 2027 global food price surge

global food prices fertilizer shortage El Niño JPMorgan analysis agricultural supply chain

JPMorgan has warned that global food prices could rise by as much as five percent during the first half of 2027. This projected surge is attributed to the simultaneous impact of fertilizer shortages and the El Niño weather pattern.

Fertilizer supply is currently threatened by geopolitical conflict involving Iran, which has disrupted production and exports through the Strait of Hormuz. The Persian Gulf is a critical region, supplying over 36 percent of the world's urea exports. Dr. Sarah Kapnick, JPMorgan’s Global Head of Climate Advisory, noted that these disruptions could affect harvests within months.

The impact is expected to begin with corn crops in South America, eventually spreading to wheat in the United States and rice in Asia. Additionally, the El Niño phenomenon poses risks of drought, flooding, and heatwaves in key agricultural zones. Producers in Brazil and India are identified as being at particularly high risk due to their reliance on Persian Gulf fertilizers and their sensitivity to El Niño-related weather shifts.

Entities

Iran · JPMorgan · Persian Gulf · Sarah Kapnick · Strait of Hormuz

Claims

What the coverage asserts, and how many sources carry each claim.

[● 4 SOURCES] The price surge is driven by the collision of fertilizer shortages and the El Niño weather pattern. www.malay.news · worldstockmarket.net · www.utusan.com.my · www.perfil.com
[● 4 SOURCES] Global food prices could increase by up to five percent in the first half of 2027. www.malay.news · worldstockmarket.net · www.utusan.com.my · www.perfil.com
[● 4 SOURCES] Producers in Brazil and India are at high risk due to their dependence on Persian Gulf fertilizer and El Niño sensitivity. www.malay.news · worldstockmarket.net · www.utusan.com.my · www.perfil.com
[● 4 SOURCES] Shortages are expected to impact South American corn harvests first, followed by US wheat and Asian rice crops. www.malay.news · worldstockmarket.net · www.utusan.com.my · www.perfil.com
[● 4 SOURCES] The Persian Gulf supplies more than 36 percent of global urea exports. www.malay.news · worldstockmarket.net · www.utusan.com.my · www.perfil.com
[● 4 SOURCES] Conflict involving Iran has slowed fertilizer production and disrupted exports through the Strait of Hormuz. www.malay.news · worldstockmarket.net · www.utusan.com.my · www.perfil.com

Sources

Harga barangan dapur AS bakal naik akibat krisis baja, El Nino [www.malay.news]

about 3 hours ago

Food Prices Predicted to Surge in 2027, JPMorgan Warns [worldstockmarket.net]

about 10 hours ago

JPMorgan advierte un alza en el precio de los alimentos por "El Niño" y la crisis de los fertilizantes [www.perfil.com]

about 13 hours ago

Harga barangan dapur AS bakal naik akibat krisis baja, El Nino [www.utusan.com.my]

about 3 hours ago