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Linville: Global Urea Prices Surge Due to Israel-Iran Conflict
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Linville: Global Urea Prices Surge Due to Israel-Iran Conflict
Josh Linville, Vice President of Fertilizer with StoneX. Photo courtesy of StoneX. Prices for urea, a key ingredient in the world’s fertilizer supplies, have surged globally alongside escalating violence in the Middle East. The recent strikes between Israel and Iran are interfering with the flow of urea supplies from one of the highest-producing regions in the world. Almost half of the world’s urea exports are sourced from manufacturing faciliti…
In the face of the effects of the war between Israel and Iran on international trade, cargo agents expect that this activity will be normalized progressively, however, in the face of a possible rebound in hostilities, the feasibility of redesigning routes, among other actions, is analyzed. Eva María Muñoz, president of the Mexican Association of Cargo Agents (Amacarga), said that despite the end of the confrontation, they continue to be alert to…
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