Latest news and articles about fertilizer crisis from NEX English
The Farmers' Union has warned that the fertilizer crisis caused by the blockade in the Hormuz Strait could lead to a significant increase in food production costs. Union President Massimiliano Giansanti stated that the fertilizer shortage will negatively impact wheat production, which is essential for bread-making.
The United Nations has issued a warning about a potential decline of up to <strong>25%</strong> in agricultural production in Africa by <strong>2026</strong>, due to a severe shortage of fertilizers and unprecedented price hikes. Fertilizer prices have surged by <strong>95%</strong> to reach <strong>$795</strong> per ton since the outbreak of the war in Iran last February.
The ongoing war in Iran has led to a severe global fertilizer shortage, jeopardizing food security. Farmers and governments must take urgent measures to adapt to this escalating crisis.
The closure of the Hormuz Strait, a vital energy corridor, could reduce global fertilizer supplies by up to <strong>33%</strong>. This situation arises amid rising natural gas prices and the shutdown of several fertilizer plants, directly impacting food security worldwide.