Diplomacy & Crisis News

By Yohana Coñuecar Llancapani
LLANCHID ISLAND, Hualaihué, Chile, Apr 30 2026 (IPS)

Coming from an island in southern Chile, where the sea is not an industry—but it is daily life, work, food and memory. Growing up in a family that is part of an artisanal fishers’ cooperative. Learning from a young age how to cultivate oysters, work with mussels, and understand the rhythms of the sea.

Yohana Coñuecar Llancapani

My story, like that of many women in my territory, is deeply connected to small-scale aquaculture and to knowledge passed down from generation to generation.

It is this same knowledge that we brought from Chile to Barcelona, to the Global Seafood Marketplace. As a Chilean delegation made up of Indigenous leaders and small-scale fishers, we were not just attending a trade fair—we were opening a conversation that has too often been left out of these spaces.

The Seafood Expo Global has established itself as one of the main platforms where the future of the global fishing industry is shaped. It is a space where standards, innovation, efficiency and markets are discussed. Yet one dimension continues to remain secondary: the role of Indigenous peoples who sustain marine ecosystems and inhabit the very spaces where the industry operates.

From Chile, our participation seeks to contribute to this debate from a strategic perspective. It is not about confronting the industry, but about demonstrating that its long-term sustainability depends on integrating other forms of knowledge and governance.

The industry has made progress in sustainability criteria, but often from a technical standpoint. What is still missing is the recognition that the spaces where it operates are not merely production zones, but inhabited territories. The knowledge developed by coastal communities is not just tradition—it is a living system of management.

In Chile, the Indigenous Coastal Marine Spaces (ECMPOs) have shown that it is possible to articulate conservation, productive use and territorial governance. However, the amendments currently under discussion to the Lafkenche Law send a worrying signal: instead of strengthening an instrument that has contributed to sustainability and territorial governance, there is a risk of weakening it in response to short-term production pressures.

This is not just a regulatory debate. It has direct implications for the stability of the industry. That is why we seek to bring this conversation to a global stage. And the space we are bringing to the Global Seafood Marketplace in Barcelona is not a traditional stand—it is an invitation to pause, to sit down and to engage in dialogue.

We want decision-makers in the industry to listen to these experiences. To understand that behind every product there are territories, people and ways of life. That their decisions have real impacts.

But we also want to show that there is an opportunity here.

Integrating Indigenous traditional knowledge is not only a matter of justice—it is a strategy for the sector’s real sustainability. It helps ensure continuity, traceability and quality over time. It is also a smart economic decision.

The ocean is not infinite. And we need new ways of relating to it.

From our territories, this is already happening. The question is: is the global industry willing to listen?

Yohana Coñuecar Llancapani is Mapuche Williche leader from Llanchid Island, Hualaihué, Chile

IPS UN Bureau

 

Follow @IPSNewsUNBureau
!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');  

  

 

Societies will become richer, but history suggests that wealth may not be equally distributed.

Critical minerals will scramble geopolitics.

China might have—but wouldn’t want Washington to know.

Das Waadtländer Parlament fordert die einstige Politsensation aus Zug zum Rücktritt auf. Am Donnerstag will es auch Dittlis Mitte-Partei genau wissen.

Ein Streifzug durch die verlorenen Orte der Schweiz.

Ein Planer kritisiert, etliche Investitionen seien unnötig. Der Bahnhof Männedorf ist für ihn nur ein Beispiel.

Washington has finally woken up to the scale of the challenge, but there is a lot more it can do to punish perpetrators and support victims.

This year is set to witness a flowering of relations between Bangkok and Beijing – but Thai strategists remain both ambivalent and wary.

Plaintiffs argued that Facebook helped spread hate speech that “amounted to a substantial cause, and eventual perpetuation of, the Rohingya genocide.”

The U.N. nuclear watchdog suspects that roughly half of Tehran’s stockpile is still at its Isfahan facility.

Congressional Democrats fought with the U.S. defense secretary over the war and military spending in a rare public hearing.

As New Delhi feels the crunch, diplomacy in Abu Dhabi hints at expanding green cooperation.

Why the World Bank’s quiet decision to move the South Asian country to its Middle East column is more than just a bureaucratic footnote.

Over recent decades, agricultural commodities have been transformed from goods into financial assets. Markets anticipate future disruptions and push prices up faster than underlying conditions would justify. Credit: Bigstock

By Mihaela Siritanu
LONDON, Apr 29 2026 (IPS)

As the United States and Israel’s 2026 attack on Iran remains on pause, most eyes have fixed on oil. Tankers reroute around the Strait of Hormuz, oil benchmarks climb, and insurance costs spike. But while the headlines focus on energy, warning signs are already flashing from the food commodities markets.

Middle East tensions continue to escalate, but global wheat and maize supplies remain relatively well stocked and production has not been significantly disrupted. Yet UK wheat futures have risen to almost £183 per tonne — their highest level since mid-November — after rising more than £2.60 in a single week. At the same time, fertiliser prices — a key input for future harvests — have doubled since the start of the year, even though the main impacts on crop production have yet to materialise.

These are early warning signs — not of a harvest failure, but of how today’s food system responds to crisis. Food prices are beginning to rise, with the FAO Food Price Index steadily increasing in February and March 2026, even though crops have not yet failed, harvests have not collapsed, and global production remains broadly stable. The crisis is unfolding in real time, before any physical shortage has fully materialised.

Of course, real factors matter — but they operate very differently. When oil prices rise, they feed into food production through higher fertiliser costs, more expensive transport, and increased energy use on farms.

But these are gradual pressures: they work their way through the system over months, as farmers purchase inputs, plant crops, and bring harvests to market. Prices linked to these costs would normally rise slowly, in step with actual changes in production.

Instead, prices are moving immediately, driven less by current shortages than by expectations of what might happen. Markets anticipate future disruptions and push prices up faster than underlying conditions would justify. In this system, financial markets are no longer simply reflecting reality — they are actively reshaping it.

Over recent decades, agricultural commodities have been transformed from goods into financial assets. Wheat, maize, and rice are now traded not only by farmers and merchants, but by hedge funds, investment banks, and institutional investors seeking returns.

In wealthier countries, higher food prices squeeze household budgets. In much of the Global South, where food accounts for a larger share of income, the same increases can push families into hunger. Import-dependent countries must pay prices set on global markets even when local supply conditions remain stable

Financial instruments such as commodity index funds channel large volumes of capital into these markets, often detached from real supply and demand. Large trading firms straddle both physical and financial markets, allowing them to profit from volatility, rather than mitigate it.

When geopolitical shocks occur, this capital moves quickly. Investors position themselves ahead of expected disruptions, driving up futures prices that then feed through to importers, retailers, and consumers. The Iran crisis is therefore not just raising costs, it is activating a financial system primed to amplify them.

The consequences are global but uneven. In wealthier countries, higher food prices squeeze household budgets. In much of the Global South, where food accounts for a larger share of income, the same increases can push families into hunger. Import-dependent countries must pay prices set on global markets even when local supply conditions remain stable.

These pressures do not remain purely economic. Food price spikes can have destabilising political effects. Rising costs of staple foods have long been linked to social unrest, including in the lead-up to the Arab Spring, when increases in bread prices contributed to protests across North Africa and the Middle East. This reflects a broader pattern in which rising food costs – amplified by market speculation – increase the likelihood of unrest by intensifying existing social and economic grievances.

This helps explain a persistent paradox: hunger continues to rise in a world that produces more than enough food. The problem is not simply production, but access – and increasingly, how prices are formed.

That system was built over decades: on one hand through the deregulation of commodity markets in the Global North, which opened the door to large-scale speculative investment, and on the other, deregulation exported globally through IMF and World Bank programmes that promoted market liberalisation, privatisation, and the dismantling of public price stabilisation mechanisms, leaving many countries exposed to volatility.

The emerging food price pressures linked to the Iran conflict should therefore be understood as more than a temporary shock. They are a warning signal. If prices can spike before shortages occur, then food insecurity is no longer just a matter of supply. It is a function of how markets are organised.

Until that system is addressed, each new geopolitical crisis — whether in Iran or elsewhere — will continue to reverberate through food markets in ways that deepen inequality and intensify hunger. The next food crisis is not just growing in the fields. It is already being priced in.

Mihaela Siritanu is a political economist for the Bretton Woods Project

 

Deals are being canceled as stockpiles run short.

Pretoria stakes high hopes on its controversial pick for ambassador to Washington.

Eines der drei umstrittenen Porträts von Regierungsrat Martin Neukom ist beim Kanton Zürich angekommen. Doch geklärt ist damit noch längst nicht alles: Wem gehört das Bild – und was geschieht nun damit?

Gita Gopinath on how countries can make themselves more resilient.

Stefanie Berset und Philipp Hösli belegen bei der Heim-WM in Genf nach sieben Partien nur Rang vier in ihrer Gruppe. Gegen Italien setzt es am Mittwoch eine Niederlage ab.