A major portion of the global fertilizer supply flows through the Strait of Hormuz, where shipping is currently struggling due to the ongoing conflict with Iran. From Feb. 28 to March 9, at least 14 ships in the Strait of Hormuz, which borders Iran, have been struck with unknown projectiles. Three of the world’s 10 largest urea exporters depend on the strait, as do three of the 10 largest ammonia exporters and one of the five largest DAP-MAP exporters.
Click here to read more from Joshua Baethge, Policy Editor for Farm Progress.
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