Unbiased AI-powered news
3 stories related to this topic, newest first.
The closure has halved Saudi fertilizer shipments and halted sulfur and phosphate exports from other Middle East producers. Fertilizer producers have cut output, causing price increases. OCP Group has warned of supply shortfalls.
The Food and Agriculture Organization of the United Nations stated that the war in Iran is restricting fertilizer supplies. Chief Economist Maximo Torero said a severe global food crisis could occur within a year.
Iran's blockade of the Strait of Hormuz, amid ongoing conflict, has led to shortages in global fertilizer supplies, prompting German producers to increase output. Energy price surges are offsetting gains for companies like SKW, while farmers face higher costs without passing them…