business β οΈ JPMorgan flags major food crisis risks for 2027
JPMorgan has warned of accelerating global food inflation in 2027 due to fertiliser shortages, geopolitical tension, and El Nino. This warning is significant for India, as the country already faces high fertiliser costs and monsoon dependence. Global food inflation is expected to hit around 5% in H1 2027, up from 2.8% in H1 2026. Prolonged disruptions near the Strait of Hormuz and a strong El Nino could severely impact supply chains and crop yields. India needs urgent policy action to build climate-resilient agriculture against these global shocks. πΎ