economy
"Politiko" Confirmed Vučić's Words
The reputable portal "Politiko" confirmed the words of Serbian President Aleksandar Vučić, that global food prices will explode due to the war in Iran, and that major shortages are expected!
TL;DR
- Rising fertilizer and fuel prices, linked to a conflict in Iran, threaten to increase European food costs.
- The true impact on consumers will be felt with next year's harvest, as current supermarket prices reflect pre-conflict input costs.
- The war's effect on gas prices has increased the cost of fertilizer production in Europe.
- European farmers are facing higher fertilizer costs for autumn planting, leading to potential reductions in crop yields.
- President Vučić warned of "terrible consequences" from rising oil prices and global energy crisis, potentially causing world hunger.
- The EU has reportedly suffered significant financial losses due to geopolitical conflicts and energy disruptions.
- Serbia is better managing the crisis due to financial reserves but is still feeling the effects.