JPMorgan warns of severe food inflation in 2027 due to fertiliser and weather risks
- JPMorgan forecasts global food inflation could reach upto 5% in 2027. It suggests India may witness even higher inflation.
- Fertiliser shortages, geopolitical tensions, and a strong El Nino are key factors that could drive higher prices.
- India, a major urea buyer, is already seeing a rise in fertiliser costs. The fertiliser subsidy alone could cost government about $31 billion, in the current FY.
Source: ndtv.com
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