Berliner Boersenzeitung - Tens of millions risk hunger as Hormuz standoff blocks fertiliser, UN official says

EUR -
AED 4.240317
AFN 75.613798
ALL 93.083621
AMD 422.304338
AOA 1058.65099
ARS 1729.863941
AUD 1.63662
AWG 2.078049
AZN 1.966429
BAM 1.954423
BBD 2.325762
BDT 142.67949
BHD 0.435489
BIF 3446.098132
BMD 1.154472
BND 1.477659
BOB 13.741379
BRL 5.906976
BSD 1.154687
BTN 109.989518
BWP 15.555907
BYN 3.432982
BYR 22627.646025
BZD 2.322364
CAD 1.609934
CDF 2611.992228
CHF 0.935157
CLF 0.026841
CLP 1056.411264
CNY 7.789916
CNH 7.788897
COP 3623.690519
CRC 524.22617
CUC 1.154472
CUP 30.593501
CVE 110.187856
CZK 24.259377
DJF 205.172641
DKK 7.476145
DOP 67.321992
DZD 153.279508
EGP 57.585512
ERN 17.317076
ETB 186.715352
FJD 2.553114
FKP 0.856331
GBP 0.854713
GEL 3.013068
GGP 0.856331
GHS 13.556568
GIP 0.856331
GMD 84.856485
GNF 10140.856305
GTQ 8.81087
GYD 241.831737
HKD 9.057432
HNL 30.951928
HRK 7.535817
HTG 150.98364
HUF 364.606998
IDR 20526.507465
ILS 3.461279
IMP 0.856331
INR 110.133259
IQD 1512.727812
IRR 1587081.157342
ISK 142.20827
JEP 0.856331
JMD 183.379231
JOD 0.818459
JPY 183.716281
KES 149.365809
KGS 100.958668
KHR 4681.70199
KMF 491.805569
KRW 1637.335322
KWD 0.356743
KYD 0.962318
KZT 538.348431
LAK 26078.516124
LBP 103405.556276
LKR 387.005699
LRD 208.423177
LSL 18.684038
LTL 3.408855
LVL 0.698328
LYD 7.358816
MAD 10.768161
MDL 20.068863
MGA 4945.473339
MKD 61.481956
MMK 2423.870661
MNT 4149.464085
MOP 9.331386
MRU 46.314972
MUR 54.25975
MVR 17.836226
MWK 2002.272162
MXN 19.799721
MYR 4.722482
MZN 73.776479
NAD 18.683957
NGN 1572.009557
NIO 42.490068
NOK 10.961657
NPR 175.981506
NZD 1.962504
OMR 0.443899
PAB 1.154692
PEN 3.900486
PGK 5.105359
PHP 70.2929
PKR 320.577493
PLN 4.303005
PYG 6873.158225
QAR 4.209453
RON 5.242474
RSD 117.329831
RUB 95.245181
RWF 1696.29036
SAR 4.323331
SBD 9.311619
SCR 16.647423
SDG 693.263532
SEK 10.968947
SGD 1.478549
SLE 28.396685
SOS 659.929398
SRD 43.581889
STD 23895.234065
STN 24.482541
SVC 10.103839
SZL 18.680679
THB 38.101605
TJS 10.663842
TMT 4.052196
TND 3.38493
TRY 55.083338
TTD 7.832449
TWD 37.252468
TZS 3059.347785
UAH 51.797563
UGX 4301.007424
USD 1.154472
UYU 46.517634
UZS 13778.234292
VES 872.506333
VND 30195.208254
VUV 137.805149
WST 3.155998
XAF 655.489565
XAG 0.017742
XAU 0.000265
XCD 3.120017
XCG 2.081125
XDR 0.815219
XOF 655.495238
XPF 119.331742
YER 275.226374
ZAR 18.707811
ZMK 10391.663406
ZMW 21.598785
ZWL 371.739428
  • RYCEF

    -0.1000

    20.9

    -0.48%

  • RBGPF

    0.8600

    70.6

    +1.22%

  • CMSC

    -0.1638

    21.58

    -0.76%

  • JRI

    -0.0200

    12.79

    -0.16%

  • BCE

    -0.1990

    22.551

    -0.88%

  • BCC

    -1.7700

    84.83

    -2.09%

  • NGG

    -1.3600

    79.52

    -1.71%

  • RIO

    0.3700

    101.47

    +0.36%

  • CMSD

    -0.0800

    21.74

    -0.37%

  • VOD

    -0.4200

    15.77

    -2.66%

  • RELX

    0.0200

    35.54

    +0.06%

  • GSK

    -1.0400

    51.92

    -2%

  • BP

    1.3250

    42.955

    +3.08%

  • AZN

    0.2600

    161.68

    +0.16%

  • BTI

    -2.1750

    57.155

    -3.81%

Tens of millions risk hunger as Hormuz standoff blocks fertiliser, UN official says
Tens of millions risk hunger as Hormuz standoff blocks fertiliser, UN official says / Photo: ALAIN JOCARD - AFP

Tens of millions risk hunger as Hormuz standoff blocks fertiliser, UN official says

Tens of millions of people could face hunger and starvation if fertilisers are not soon allowed through the Strait of Hormuz, the head of a UN task force aimed at averting a looming humanitarian crisis told AFP on Monday.

Text size:

Iran has had the strategic waterway -- through which a third of the world's fertilisers normally pass -- in a chokehold for months in retaliation for the war launched by the United States and Israel on February 28, disrupting a trade critical for farmers around the world in a race against the end of planting seasons.

"We have a few weeks ahead of us to prevent what will likely be a massive humanitarian crisis," Jorge Moreira da Silva, executive director of the United Nations Office for Project Services (UNOPS) and leader of the task force, told AFP in an interview in Paris.

"We may witness a crisis that will force 45 million more people into hunger and starvation."

The UN secretary general created the task force in March to spearhead a mechanism to allow fertilisers and related raw materials such as ammonia, sulphur and urea through the strait.

For weeks, Moreira da Silva has been working to convince the belligerent parties to allow even a few ships through, and has met with "more than 100 countries" to rally UN member state support around the mechanism.

A growing number of countries are showing support for the plan, he said, but the United States and Iran, as well as Gulf countries -- who are key fertiliser producers, are not yet fully on board.

While the ultimate hope is for a "lasting peace" deal in the region and "freedom of navigation for all commodities" through the strait, "the problem is the planting season can't wait", Moreira da Silva said, with some ending in African nations within weeks.

Global focus has been on the economic impacts of the throttled oil and gas trade, but the United Nations has been sounding the alarm of the threat the blockade poses to the world's food security, with countries in Africa and Asia likely to be particularly hard hit.

- 'Political will' -

Moreira da Silva said the United Nations could have the mechanism up and running in seven days but even if the strait were to reopen now, it would take three to four months to return to normality.

"It's just a matter of time. If we don't stop the origin of the crisis soon, we will have to deal with the consequences through humanitarian aid."

While food prices have not exploded yet, Moreira da Silva said, there has been a "massive increase" in fertiliser costs, which experts say would likely lead to a drop in agriculture productivity and send food prices soaring.

Moreira da Silva said moving just an average of five vessels a day of fertilisers and related raw materials through the strait would head off the crisis for farmers.

What's missing, he said, is "the political will".

"We can't procrastinate on what is possible to do, and what is urgent to do -- which is let the fertilisers cross the strait and, through that, minimize the risk of massive food insecurity at the global level."

(H.Schneide--BBZ)