Middle East conflict continues to pressure essential product prices
via Le Mauricien1 min read
A recent analysis by the Price Analysis and Monitoring Division of the Ministry of Commerce and Consumer Protection indicates that the Middle East conflict continues to impact global supply chains, leading to sustained pressure on prices. The analysis, conducted in mid-July, projects a 24% increase in energy prices, a 31% rise in fertilizer prices, and an approximate 16% increase in global commodity prices by 2026. Maritime freight rates remain 39% higher than pre-conflict levels, despite an 18% decrease in the last week, and war risk insurance premiums have also increased.
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