US EditionWar Disrupts Fertiliser Supplies, Puts Food Security at Risk
The Strait of Hormuz closure has halted over one-third of global fertilizer trade, causing U.S. urea prices to surge 30% and threatening spring planting worldwide.
- This past week Iran's effective closure of the Strait of Hormuz has disrupted global fertiliser supply chains, halting commercial traffic that moves more than one-third of traded fertiliser.
- A US/Israeli attack on Iran prompted retaliatory strikes that forced shutdowns at Gulf fertiliser production facilities, notably affecting Qatar, while repairs could delay recovery post-conflict.
- Market prices spiked as U.S. urea import prices jumped 30% between Feb. 27 and March 6, Egyptian urea rose from US$500 to more than US$650 per tonne, and CF Industries shares surged nearly 10%.
- Higher farm input costs mean Roth estimates the disruption could raise 'food-at-home' inflation by roughly 2 percentage points and add about 0.15 percentage points to U.S. headline inflation, as inflation was already up 64% in February.
- The Gulf region produces nearly half of the world's sulphur and about a third of urea, and Asia's dependence means a third of global crop inputs could decline without nitrogen, phosphorus, and potassium, INREA models show.
38 Articles
38 Articles
Strait of Hormuz Crisis Disrupts Fertilizer Trade, Sparking Food Price Fears - The Thinking Conservative News
Hormuz Strait closure shocks fertilizer markets as farmers prepare spring planting, raising fears of supply disruptions and higher global food prices. The post Strait of Hormuz Crisis Disrupts Fertilizer Trade, Sparking Food Price Fears appeared first on The Thinking Conservative News.
Strait of Hormuz Crisis Disrupts Fertilizer Trade, Sparking Food Price Fears
The closure of the Strait of Hormuz has shocked global fertilizer markets just as farmers worldwide prepare to plant spring crops, raising concerns that the disruption could ripple through food supply chains. Several major fertilizer-producing countries in the Gulf rely on the narrow shipping channel to move products to global markets. Since the United States and Israel launched strikes on Iran on Feb. 28 and Iran began targeting commercial ship…
Greenpeace reacts to threat of Iran war on global food prices
The US / Israeli attack on Iran has had serious knock-on effects across the region. There are also many global consequences. The spike in oil and gas prices is relatively predictable. But there’s also a very direct impact on global food prices. Iran’s effective closure of the Strait of Hormuz is disrupting global fertiliser supply chains. And this in turn could lead to a surge in global food prices. Amanda Larsson is Global Big Ag project lead a…
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