"Fertilizer prices are way up. They're up around 30 percent more in some parts of the world, and that's significant. You're also losing the other supplies that come from those countries and help produce fertilizer in other places."
"The loss of Gulf exports creates an immediate global shortfall with no quick substitutes. Immediately the countries that will be the most impacted in south Asia are Bangladesh, India, Pakistan and Sri Lanka."
"Global fertilizer production has been disrupted before, in 2022, when Russia invaded Ukraine. But that won't be possible this time. There are no strategic international fertilizer stockpiles like there are for oil."
A significant portion of global fertilizer shipments pass through the Strait of Hormuz, which has seen reduced traffic due to the U.S.-Israeli war with Iran. Fertilizer prices have increased by around 30% in some regions. Major Gulf producers like Saudi Arabia and Iran are crucial for supplying raw materials for fertilizer production. Countries such as India, Pakistan, and Brazil are facing production halts due to rising natural gas and oil prices. The loss of Gulf exports is creating a global shortfall with no immediate substitutes, impacting South Asia and East Africa significantly.
Read at www.npr.org
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