403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Fertilizer Supply Disruptions Drive Corn, Soybean Prices Higher
(MENAFN) Escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz have tightened global fertilizer supplies, contributing to sharp increases in corn and soybean prices.
Diammonium phosphate, an important fertilizer used for major food crops, rose 28.4% during the first nine months of the year to $802.5 per metric ton.
The increase from $625 per ton at the end of 2025 has raised production costs for key agricultural commodities. Corn prices climbed 13.3%, while soybean prices increased 22.6% over the same period.
Restrictions on maritime traffic through the Strait of Hormuz have limited the movement of agricultural inputs. Under normal conditions, roughly one-third of worldwide fertilizer trade passes through the strategically important waterway.
Concerns over Middle East conflicts and potential disruptions to oil supplies at major shipping chokepoints, including the Strait of Hormuz, have also increased risk premiums in crude markets. This has raised diesel costs, adding further pressure on agricultural producers.
The fertilizer sector has been particularly affected by higher prices for natural gas and ammonia, both essential components in fertilizer production.
Diammonium phosphate, an important fertilizer used for major food crops, rose 28.4% during the first nine months of the year to $802.5 per metric ton.
The increase from $625 per ton at the end of 2025 has raised production costs for key agricultural commodities. Corn prices climbed 13.3%, while soybean prices increased 22.6% over the same period.
Restrictions on maritime traffic through the Strait of Hormuz have limited the movement of agricultural inputs. Under normal conditions, roughly one-third of worldwide fertilizer trade passes through the strategically important waterway.
Concerns over Middle East conflicts and potential disruptions to oil supplies at major shipping chokepoints, including the Strait of Hormuz, have also increased risk premiums in crude markets. This has raised diesel costs, adding further pressure on agricultural producers.
The fertilizer sector has been particularly affected by higher prices for natural gas and ammonia, both essential components in fertilizer production.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment