FAO warns that ongoing disruptions in the Strait of Hormuz due to the Middle East crisis are causing global fertilizer shortages, threatening lower crop yields and tighter food supplies through late 2026 and into 2027.
The announcement marks a significant strategic pivot for a country whose bread subsidy system underpins social stability for tens of millions of citizens.
As the market kneads its way toward that US$963.7 billion mark, the future looks remarkably bright for anything baked in an oven.
Strong results in Renewables and improvements in the Agribusiness segment contributed to record first-quarter earnings for The Andersons.
The company reported net sales of US$2.74 billion, marking a 4% decline from the prior year on a reported basis.