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The all-out war launched by the United States and Israel against Iran has turned the Strait of Hormuz into a logistical chokepoint, shaking global agricultural and energy markets. This nuclear-risk escalation in the Middle East has the potential to bring the entire production chain from fertilizer costs to feed raw materials to a standstill.

A communiqué published in Türkiye’s Official Gazette has removed the VAT exemption for premix and flake products used in feed production. The regulation is being closely watched by the sector due to its potential effects on feed costs and feeding practices.

Amid concerns about rising feed costs as soybean, wheat and corn futures soared, CME Group cattle ...