US EditionChina Taps Reserves as Iran War Disrupts 30% of Global Fertiliser Trade
Disruptions in the Gulf cut urea production by nearly half and raise prices by 40%, threatening key agriculture in India, Brazil, and China during the critical sowing season.
- As the US‑Israel war with Iran enters its third week, analysts say it is severely disrupting fertiliser markets and urea exports are set to fall to about 1.5 million metric tonnes in March.
- Because fertiliser production is energy-intensive, missile and drone strikes and the Strait of Hormuz’s near closure cut natural gas supplies, worsening tight markets already strained by Europe and China.
- QatarEnergy halted output at the world's largest urea plant as urea export prices from the Middle East surged about 40% to more than $700 per metric tonne last Friday.
- About half of the world's food relies on fertiliser, and farmers in the US are about 25 percent short of supplies, risking global food security, warned Carl Skau on Tuesday.
- Kpler analysis shows up to one‑third of global fertiliser trade could be disrupted as the US‑Israel war with Iran enters its third week, during sowing season, with Seth Goldstein warning nitrogen prices could roughly double and phosphate climb 50.
11 Articles
11 Articles
Malay Mail
AlKhaleej TodayHow does the Iran war affect fertiliser supplies, prices and food security?
LONDON, March 19 — As the US-Israel war with Iran enters its third week, analysts warn it is severely disrupting fertiliser markets and endangering food security for developing countries in the near term.Here is how the conflict is affecting fertiliser costs, trade flows and output:Why is the Hormuz Strait key for fertiliser supply?Fertiliser production is energy-intensive, relying heavily on natural gas as a feedstock, with energy making up as …
A complete blockade would hurt Iran as much as its Arab neighbors.
The Economic Impact Of This Horrifying War With Iran Is Not Going To Be Pretty
There is no way to get around it. We are facing a major global economic disruption, and the longer this war goes on the worse it will get. As I have reminded my readers on numerous occasions, our entire way of life is predicated on cheap energy, and the Middle East is the most important energy producing region in the entire world. Traffic through the Strait of Hormuz has been paralyzed, and energy infrastructure has been under attack by both sid…
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