"Fertiliser shipments passing through the Strait of Hormuz account for roughly one-quarter of global ammonia trade and more than a third of seaborne urea. Even the slightest perceived risk can drive up fertiliser prices, stall shipments and cause a seismic shift in food price inflation."
"About 80 percent of fertiliser used across sub-Saharan Africa is imported, often at prices much higher than in Europe due to freight, financing and logistics. When global supply falters, Africa's farmers often feel the economic shocks the hardest."
"According to the Food and Agriculture Organization, even a 10 percent reduction in fertiliser availability could result in up to 25 percent less maize, rice and wheat grown in sub-Saharan Africa. This could trigger food inflation of up to 8 percent on the continent."
Ongoing tensions in the Strait of Hormuz are disrupting global fertiliser trade, jeopardizing food security in sub-Saharan Africa. Fertiliser shipments through this region account for a significant portion of global ammonia and urea trade. The reliance on imports, coupled with rising prices and limited options for smallholder farmers, exacerbates the crisis. A reduction in fertiliser availability could lead to substantial decreases in staple crop production, resulting in increased food inflation and economic instability across the continent.
Read at www.aljazeera.com
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