Fertilizer Shortages, JPMorgan Warns Food Supply Crisis Could Begin in 2027

JPMorgan warns a massive global food supply crisis could begin next year as fertilizer shortages tighten agricultural supply JPMorgan is the latest institutional research desk to warn that the next global food crisis may already be taking shape, driven by what its analysts describe as the “Five Ws”: War, Weather, Warehousing, Water, and Waste. In a new report titled Food Security Is National Security: A Compounding Storm, a team led by London-based senior global economist Nora Szentivanyi warned that disruptions around the Strait of Hormuz and the emergence of a potentially historic El Niño could weaken crop yields, constrain agricultural…