Goldman Sachs warned Southeast Asia faces a food-supply shock as higher oil and fertilizer costs tied to the Middle East conflict collide with the threat of a strong El Niño event later in 2026. According to BeInCrypto, the bank estimates the combined pressures could add an average of 1 percentage point to regional food inflation after six months, rising to 2.1 points after a year before easing.
Goldman cited disrupted fertilizer shipments and fuel-sensitive CPI items, and said the World Meteorological Organization puts the odds of an El Niño event during June and August 2026 at 80%, near or above 90% through at least November. It flagged Singapore and the Philippines as among the most exposed economies.
Goldman Sachs Warns of Food-Supply Shock in Southeast Asia
2026-06-22 10:21:42
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