May. 20 at 7:49 PM
$SYY $NTR Food is set to become even more expensive:
World fertilizer prices have surged +44% since the start of the Iran War, to the highest since 2022.
This comes as ~33% of globally traded fertilizers pass through the Strait of Hormuz, which remains effectively closed.
This includes 23% of global ammonia, 34% of urea, the world's most widely used nitrogen fertilizer, and nearly 20% of global phosphate supply.