The closure of the Strait of Hormuz is disrupting global energy markets, but could agriculture be the next sector caught in the firing line?
Host Mandy Drury speaks with CommBank Agricultural & Sustainability Economist Dennis Voznesenski about how the conflict in the Middle East is driving up fertiliser and fuel costs for farmers and exposing Australia’s reliance on imported agricultural inputs. From fertiliser shortages to pressure on grain production, they unpack how supply chain disruptions could eventually flow through to food prices and the broader economy.
Dennis explains why fertiliser prices have surged since the start of the conflict, why grain prices have not yet fully responded, and which parts of the agricultural sector are most exposed. He also discusses how farmers are adapting their practices, how quickly conditions could improve if a peace deal is reached, and what Australia can do to build greater agricultural resilience over the longer term.
Plus, CommBank International & Sustainable Economist John Oh shares the key focuses for markets in the week ahead.
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