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Iran war deprives US farmers of affordable fertilizer as spring planting looms
The Strait of Hormuz closure cuts off 30% of global nitrogen fertilizer exports, causing US farmers to face a 25% supply shortage and soaring prices before spring planting.
- The war in Iran has disrupted global fertilizer trade, depriving U.S. and Canadian farmers of affordable supplies ahead of spring planting.
- U.S. fertilizer supplies are about 25% short of usual levels, with prices spiking more than a third since the Iran conflict paralyzed trade.
- Analysts warn that limited U.S. fertilizer imports could be rerouted to markets offering higher prices, exacerbating the shortage for American farmers.
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53 Articles
Iran war deprives US farmers of affordable fertilizer ahead of spring plantings
WINNIPEG, Manitoba — Farmers in the U.S. and Canada, already worried about another year of low profits or losses, now could have spring planting disrupted as they struggle to find fertilizer.
·Charleston, United States
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The U.S. has authorized the interim government of Venezuela to sell fertilizers and other petrochemical products to U.S. companies, according to an order from the Office of Foreign Assets Control (OFAC), under the Treasury Department. The measure is a relief from Washington's sanctions against Caracas in the midst of Iran's war, when the price of oil and other derived products, such as fertilizers, has skyrocketed due to supply difficulties from…
·Spain
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Coverage Details
Total News Sources53
Leaning Left19Leaning Right15Center17Last UpdatedBias Distribution37% Left
Bias Distribution
- 37% of the sources lean Left
37% Left
L 37%
C 33%
R 30%
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