US EditionIran War Drives Fertilizer Prices up - with Consequences for Customers at Aldi, Edeka and Co.
5 Articles
5 Articles
Beyond bombs and soaring oil prices, there is a hidden danger in the Iran war. A global fertilizer crisis. "It affects food prices and hunger all over the world," says Swedish UN advocate Carl Skau in an interview with SvD.
As a result of the Iran war, prices are rising – also for fertilizers. This can soon also be felt in Aldi, Edeka and Co.
As a result of the Iran war, prices are rising – also for fertilizers. This can soon also be felt in Aldi, Edeka and Co.
Rising energy prices and the blockade of the Strait of Hormuz will also dramatically affect the fertilizer trade. Bank of America warns that the conflict threatens 65 to 70 percent of global urea supplies. Developing countries are particularly vulnerable, Reuters wrote.
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