BREAKINGVIEWS-Iran war exposes food security to cascading risks
By Antony Currie
MELBOURNE, March 24 (Reuters Breakingviews) - The conflict has halted supplies of a third of the $290 bln fertiliser market. In the short term, it will impact harvests and countries will ban food exports. In the long term, farmers already exposed to extreme weather will plant less. That means inflation and then hunger.
Full view will be published shortly.
Follow Antony Currie on Bluesky and Linkedin.
CONTEXT NEWS
The price of urea, a key ingredient in certain types of fertiliser, hit $684 a ton on March 20, jumping 47% since the final trading day before the U.S. and Israel attacked Iran. Around a third of global trade in urea passes through the Strait of Hormuz.
The region is also a key exporter of other fertiliser feedstocks, including sulphur, ammonia and natural gas.
