US EditionGrowers accuse fertilizer giants of withholding stock as costs rise
6 Articles
6 Articles
The food shock may prove to be bigger than the one at the start of the war in Ukraine - How central the Middle East is for the production and transport of fertilizers - Price increases at a very critical time for farmers
The world's food supply could be affected by the war against Iran. In Norway, there is a halt to the sale of fertilizer to farmers. Only those who have already ordered will receive deliveries.
The global fertilizer market entered a crisis scenario this week following the attack on Iran by the US and Israel, as disruptions in production and logistics led to considerable price hikes. “The impact was concentrated in the Strait of Ormuz, a corridor through which nearly one third of the world’s fertilizer trade, including urea, ammonia and phosphated raw materials, circulates,” says the weekly report of the IF Engineering consultant in Fer…
In the first two months of this year, fertilizer imports decreased sharply due to rising prices. Fertilizer prices are continuing to increase amid military tensions in the Middle East. Experts warn that preparations should be made for a prolonged conflict scenario that could impact the market.
War affects not only borders but also dinner tables. The geopolitical crisis in the Middle East is disrupting the global fertilizer supply, causing urea prices to rise rapidly. According to experts, disruptions in nitrogen fertilizer supply risk yield losses in staple crops such as wheat, corn, and rice, and a sharp increase in food prices.
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