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Iran War Fuels Fertilizer Price Surge: Urea, DAP Costs Skyrocket, Threatening Food Inflation
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Iran War Threatens Global Food Security: Fertilizer Prices Skyrocket, Supply Dries Up
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News18
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07-03-2026, 18:17
Iran War Threatens Global Food Security: Fertilizer Prices Skyrocket, Supply Dries Up
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Iran war's impact extends beyond oil, threatening global fertilizer supply via the 'Strait of Hormuz'.
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Key suppliers like Saudi Arabia, Qatar, Oman, and Iran face export disruptions, exacerbating shortages.
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India, heavily reliant on imported potash and DAP, faces severe challenges for the upcoming Kharif season.
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Rising natural gas (LNG) prices and supply disruptions are increasing fertilizer production costs and government subsidies.
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Experts warn of widespread food inflation, potentially worse than the 2022 Russia-Ukraine crisis, by 2026.
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