Iran war fertilizer squeeze could spell trouble for next year’s grain harvests

NEWS SUMMARY

Global fertilizer prices are rising due to the closure of the Strait of Hormuz, impacting farmers' ability to purchase essential nitrogen-based fertilizers for the upcoming growing season. This price increase, coupled with low staple crop revenues, threatens future grain harvests worldwide.

Based on initial report · will update when full text is available

Full BriefGenerated 0m ago

Nitrogen-based fertilizers must be applied each season; but with prices of staple crops low, farmers lack the revenue to absorb the expense caused by closure of Strait of Hormuz.

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