The conflict in #Iran threatens a global food crisis. According to the Financial Times, an escalation of the conflict in the Middle East could lead to serious consequences for global food supplies due to a reduction in fertilizer supplies. Attack...
Follow
...s disrupted the operation of a significant portion of urea production facilities in the Middle East. More than 1.1 million tons of fertilizers and components for their production are stuck in the Persian Gulf, leading to a 50% reduction in supplies. About a third of the world's urea exports and 45% of sulfur pass through the Strait of Hormuz, which was previously blocked. The shortage of fertilizers coincided with the planting season in the Northern Hemisphere, which could reduce rice yiel...
...ds. Since the beginning of the conflict, urea prices have risen by more than 40%. Experts warn that a shortage of fertilizers threatens food production on many continents, which could exacerbate existing problems in global supply chains.