Plastic Shortages Threaten Global Food Prices
Food prices could remain elevated even after recent geopolitical disruptions ease, as shortages of plastic packaging materials continue to ripple through global food supply chains. According to Bloomberg, disruptions linked to the Iran conflict and restrictions on shipping through the Strait of Hormuz have reduced supplies of naphtha—the primary feedstock for plastic production—leading to higher…
Packaging Costs Surge as Iran War Hits Supply Chains
India’s dairy and FMCG sectors are facing rising cost pressures as the ongoing West Asia conflict disrupts packaging supply chains, with sharp increases in input prices and tightening availability of key materials. The surge is driven by higher crude-linked raw material costs, with prices of polyethylene (PE) and polypropylene (PP)—widely used in plastic packaging—rising over…