‘Another Blow’: Manitoba Farmers Facing Increased Fertilizer Costs Amidst War in Iran
6 Articles
6 Articles
It is not just the energy prices that are rising as a result of the war in the Middle East. Missile exchanges between the United States, Israel and Iran are disrupting the entire world economy, and the more so the developing countries. The United Nations is concerned about this.
After the closure of the Strait of Ormuz, in the last week the urea increased its contribution by about 24%. This is the fertilizer that is imported the most in the country
‘Fluid Situation’: Fertilizer Canada monitoring costs as conflict in Iran rages on
Ottawa, ON (Rural Roots Canada) – As the conflict in Iran continues, Fertilizer Canada says it’s monitoring the evolving situation and its impact on global fertilizer markets. About one-third of the global fertilizer trade passes through the Strait of Hormuz annually. With the partial closing of the Strait due to the ongoing conflict, oil prices have skyrocketed, and the prices of several fertilizer products have also increased considerably. In …
GENEVA – Interruptions in maritime traffic in the Strait of Hormuz, as the U.S. and Israel war against Iran continues, threaten to cause further damage to developing economies and especially the poorest countries. “Developing economies could be particularly affected, as high levels of [...]
Around one quarter of the world's sea-borne oil trade flows through the Strait of Ormuz, along with significant volumes of liquefied natural gas and fertilizers.
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