US EditionFamine Incoming? About One-Fourth Of All Globally Traded Nitrogen Fertilizer Normally Travels Through The Strait Of Hormuz
6 Articles
6 Articles
The Straits are one of the most critical hubs for the global fertilizer trade, as approximately one-third of international fertilizer shipments pass through this route.
Famine Incoming? About One-Fourth Of All Globally Traded Nitrogen Fertilizer Normally Travels Through The Strait Of Hormuz
If the war with Iran persists for an extended period of time, a lot of people could literally starve. Approximately half of all global food production is dependent on the use of fertilizer. Without fertilizer, crop yields would drop precipitously and there wouldn’t be anywhere near enough food for everyone. Even now, hundreds of millions of people are going to bed hungry every night, and there are severe food shortages in quite a few African nat…
—Financial Times: The escalation of the Middle East conflict could lead to a global food crisis that will surpass the 2022 crisis in scale, says the British newspaper Financial Times. Military action has disrupted global supply chains for urea, the world's most widely used nitrogen fertilizer. Furthermore, gas shortages have forced fertilizer producers in South Asia to drastically reduce production volumes. Since the conflict began, urea prices …
Since the start of the war in Iran, world prices for urea, a key nitrogen fertilizer, have shot up by 40 percent. European food prices should not rise sharply in the near future, as there is a surplus on the market and farmers have already secured most of the fertilizers. The Iran war is not only raising the price of oil and gas, but also fertilizers and other agricultural commodities. Similar to the Russian invasion of Ukraine, […]
Farmers expect higher fertilizer prices as a result of higher gas and oil prices, and they may be forced to raise their prices to amortize their expenses.
Potential war-driven fertilizer shortage sparks concerns over grocery prices
MONTANA — As the conflict in Iran enters its third week, concerns have arisen about potential price hikes in agriculture. With a significant portion of the world's nitrogen fertilizer passing through the Strait of Hormuz, its continued closure could lead…
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