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Aussie Food Prices Soar for Next Year: Farmers Warn of 'Covid-Like' Crisis
March 25, 2026
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Aussie farmers warn consumers could face skyrocketing prices on everyday staples for up to a year due to the US-Israel war on Iran disrupting global food supply chains.
Aussie consumers could pay more for everyday staples for the next year at least as a result of the US-Israel war on Iran, according to farmers. 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 stabilize.
The conflict could see shortages not just in fuel, but fertiliser and fossil fuel resins - used to make milk bottles and other packaging. Hampson warns the impact could
