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German fertiliser makers and farmers struggle with Iran war fallout
The plant is running at full capacity as gas costs double and SKW warns the Hormuz blockade could leave Europe short of fertilisers.
- SKW, Germany's largest urea producer, is running its Wittenberg facility at full capacity to offset fertilizer supply shortfalls caused by Iran's blockade of the Strait of Hormuz.
- A third of the world's fertilizer typically passes through the Strait of Hormuz, and the World Trade Organization has warned the blockade threatens global food security, particularly in Africa and South Asia.
- Around 80 percent of SKW's production relies on gas, which has doubled in price since the conflict began; CEO Carsten Franzke insists the company is not a "war profiteer."
- Fertilizer prices have jumped 50 percent for farmers like Gerhard Geywitz in Baden-Wuerttemberg, who said, "For this reason we've decided to stock up now, before prices become exorbitant."
- If the conflict continues, the industry anticipates a potential fertilizer shortage by next year, as The German Fertiliser Producers' Association warned that European plant closures threaten regional food security.
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17 Articles
17 Articles
Radio France Internationale+15 Reposted by 15 other sources
German fertiliser makers and farmers struggle with Iran war fallout
·Paris, France
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The war with Iran and the consequent blockade of the Strait of Ormuz have triggered a severe crisis in the global supply of fertilizers, which directly threatens international food security. The dizzying increase in energy costs and disruptions in export routes have reduced the purchasing capacity of farmers. The post-War with Iran triggers fertilizer prices and plunges the purchasing capacity of farmers first appeared on Cubadebate.
Coverage Details
Total News Sources17
Leaning Left2Leaning Right6Center5Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
15%
C 39%
R 46%
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