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02.04.26 - 16:30
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How could strait of Hormuz closure affect UK food and medicine supplies? (The Guardian)
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Effects of Iran's blockade will depend on how long crisis lasts as disruption ripples through supply chainsMiddle East crisis – live updatesThe closure of the strait of Hormuz, the crucial oil and gas shipping route that has been blocked by Iran since the US-Israeli attacks began, is having ripple effects around the world, with most industries already grappling with rising energy costs. If the strait is not reopened, transport blockages across the Middle East could cause significant shocks to food and medicine supplies.No one knows how long the wider conflict will last, but governments are panicking about the implications. Yvette Cooper, the UK foreign secretary, is hosting a meeting with 35 other countries on Thursday to discuss reopening the strait. Here is what could happen in the UK if the blockade drags on. Continue reading......
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01.04.26 - 22:01
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McCormick Acquires Unilever Food Arm in $44.8B Merger (Bloomberg)
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Bloomberg's Eric Pfanner joins Dani Burger on "Bloomberg Deals." Unilever agreed to combine its food business with spice maker McCormick in a $44.8 billion deal that will create a global seasonings, sauces and condiments company. (Source: Bloomberg)...
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01.04.26 - 19:36
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UK food inflation ′could hit 9%′, trade body warns as Reeves meets retail chiefs (The Guardian)
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Discussion on how to ease impact from Iran war coincides with Food and Drink Federation almost tripling forecastFood inflation could hit 9% in the UK this year even if the strait of Hormuz opens within the next few weeks, figures suggest, as the Iran war pushes up energy prices.The Food and Drink Federation (FDF), which represents 12,000 food and drink manufacturers, has predicted prices will rise by “at least” 9% by the end of 2026, almost tripling a forecast of 3.2% that was made before the Middle East conflict. Continue reading......
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