Spain: The food chain fears the impact on prices of the Red Sea crisis

The instability in the Red Sea is generating tensions in the Spanish agri-food chain, which warns of an increase in prices as a result of higher logistics costs and problems with certain imports. The alarm was sounded this week by the association of manufacturers and distributors Aecoc, which has indicated that the mass consumption value chain has begun to notice the crisis and is advancing its purchases of raw materials and merchandise to avoid possible disruptions in the supply. The Government has confirmed that it is closely monitoring the situation, considered a risk factor since it can increase production costs for many companies, while the food industry association FIAB has warned of its inflationary impact on an "already stressed" chain. . Since mid-December, the Red Sea route, which represents about 15% of global maritime trade, has been disrupted by attacks by Yemen's Houthis against ships they consider linked to Israel in response to the Israeli offensive in the Strip. ...