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10th March 2026
The blockade of the Strait of Hormuz and the suspension of passages through the Red Sea and the Suez Canal due to the US-Iran conflict are forcing sugar shipments from Brazil and Central America to divert routes around the Cape of Good Hope, resulting in higher freight, insurance, and fuel costs skyrocketing across world trade, according to Hedgepoint Global Markets.Tags: Trade, costs, industry, war
Countries: Brazil, USA, Iran
9th March 2026
The US–Iran conflict has disrupted energy markets and trade routes, raising geopolitical risk across commodities, including sugar, according to a recent analysis by Hedgepoint Market Intelligence.Tags: Trade, costs, war, conflict
Countries: USA, Iran
5th March 2026
The US Secretary of Agriculture, Brooke Rollins, announced on March 4 a USDA disaster declaration to support Florida's farmers impacted by freezes in January and February, according to WGCU.Tags: disaster declaration, News excerpt, crops
Countries: USA