Global Food Prices May Soar Again on China Energy Crunch

Global food costs are at risk of soaring again as China faces a challenging harvest season due to a severe energy crisis.

The power crunch has rippled from factory floors to homes, crimping growth forecasts for the world’s second-largest economy. The shortages, mirrored in Europe and elsewhere, is unleashing turmoil in the global commodities markets, fueling rallies in everything from fertilizer to silicon.