‘Makes Covid look like a tea party’: Australian food prices could rise for the next year, farmers warn
Iran conflict could see shortages not just in fuel, but fertiliser and fossil fuel resins – used to make milk bottles Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Farmers say Australian consumers could pay more for everyday staples for the next year at least as a result of the US-Israel war on Iran. But the CEO of dairy farmer cooperative Norco, Michael Hampson, says a six- to 12-month disruption to food supply is likely a best-case scenario, depending on the strait of Hormuz reopening soon and global petrochemical supply chains beginning to stabilise. Continue reading...