Fertiliser Prices Skyrocket for Aussie Farmers as Middle East Conflict Rages On
10 Articles
10 Articles
Middle East conflict responsible for rising fuel and fertiliser costs
DUP Agriculture spokesperson, Carla Lockhart MP, has warned that farmers across Northern Ireland are facing intense financial pressure as the cost of fuel and artificial fertiliser continues to soar as a result of the ongoing conflict in the Middle East.
Fertiliser costs soar amid Middle East war. Will grocery prices follow?
Conflict between the United States, Israel and Iran has now led to the effective closure of the Strait of Hormuz, a key shipping route through which a fifth of the world’s oil passes. But oil is not the only important commodity that has been disrupted. The Middle East is a key supplier of fertiliser, exporting some 45 per cent of global supply. Since the beginning of the conflict, the price of urea, a key source of nitrogen used in agriculture, …
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