29/05/2026
The price of chemical fertilisers is set to rise by 30% this year due to the war-driven closure of the Strait of Hormuz. While this will make food more expensive, fertiliser companies like Yara are already reporting a growth in earnings of 40% in the first quarter of 2026.
A report by Oxford Economic shows that the most significant impact will be on rice, maize and wheat, which are particularly dependent on urea fertilisers. The regions most affected will be Asia, Sub-Saharan Africa and Latin America.
Instead of continuing to encourage the use of chemical fertilisers through state subsidies, urgent action is needed to allow farmers to transition to agroecological farming, which does not rely on such inputs.
https://www.arabnews.com/node/2645092/business-economy
https://www.reuters.com/business/fertiliser-maker-yara-reports-quarterly-profit-above-expectations-2026-04-24/
https://grain.org/e/7382
RIYADH: Global fertilizer prices are projected to rise more than 30 percent in 2026 from 2025 levels, with urea prices expected to climb even faster as conflict-related shipping disruptions through the Strait of Hormuz tighten global supply. According to a report by Oxford Economics, prolonged const...