‘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

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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.