Iran War Drives Asian Food Prices Higher as Plastics Shortages Lift Packaging Costs

3 articles · Updated · Bloomberg · Jun 24

Asian consumers face months of higher grocery bills as food makers begin passing through sharp increases in plastics packaging costs caused by Iran war disruptions.
Severe shortages of plastics used to move food from farms to market have raised packaging expenses, adding a new inflation channel beyond already higher fuel costs.
A global food-price gauge is already near a three-year high, and further increases risk deepening pressure on households across Asia.

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