US EditionSome Fertilizer Prices Rise as Iran Conflict Escalates
8 Articles
8 Articles
The rise in gas and oil prices resulting from the war in the Middle East will increase the cost of fertilizer production. The suspension of shipping traffic in the Strait of Ormuz, through which 30% of the world's fertilizer trade flows, could also reduce the availability of these products. France could be indirectly impacted, since its fertilizer imports depend on countries that themselves depend on the geopolitical situation in the Middle East…
The war in Iran, which is shaking the whole Middle East and causing a new crisis around the Strait of Hormuz blocking trade flows through the Suez Canal, will have its consequences in two sectors as different as agriculture and textiles in Spain. Experts and sources of the sector consulted by Economic Information agree to point out fertilizers, by dependence on raw materials such as gas whose price is skyrocketing more than 50% in what we have b…
Some fertilizer prices rise as Iran conflict escalates
ADM Investor Services said, “Some fertilizer prices surged following the impact of the escalating Middle East conflict on supplies moving through the Strait of Hormuz, analysts told Reuters on Monday.
The war in Iran could lead to significant price increases for fertilizers, bread, beer, pharmaceuticals, and online shopping in Australia.
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