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Nitrogen Urea Price Surge (USD per Tonne)
Comparison of Nitrogen Urea prices before and during the ongoing geopolitical conflict.
Primary Sources
Emerging Asia Could Face Increased Food-Cost Pressures
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Asia braces for food shortages as 'super El Nino', Iran war effects ...
Asia is entering a dangerous summer for food production as scientists warn of a “super El Nino” suppressing rainfall while the war on Iran drives up energy and fertiliser costs for farmers.India’s Meteorological Department has forecast a below-average monsoon, after two successive years of above-normal rains, while in Australia – a major wheat producer and exporter – a shortage of farm inputs and persistent dryness has reportedly pushed planting acreage to a seven-year low.Farmers across South and Southeast Asia were already reeling from soaring fertiliser prices driven by a shortage of natural gas, used to make urea, as supplies from Qatar, one of the world’s largest producers, have dropped to near zero amid the war.Food is going to be a big problem“It is very concerning because this year is supposed to be a super El Nino, and you are getting into the planting season,” said analyst Gnanasekar Thiagarajan, founder of India-based financial research and advisory firm Commtrendz Research, which specialises in commodity futures.“This is going to be widespread across South and Southeast Asia. There will be dryness everywhere.”El Nino is the name for a climatic phenomenon that causes periodic warming of the tropical Pacific Ocean, shifting global weather patterns and leading to heavy rain in some areas while bringing drought to others.A farmer sprays pesticide over a field of vegetables on the outskirts of Lahore, Pakistan, on Sunday. Photo: AFPThiagarajan said the conditions were already making themselves felt in the southern Indian state of Kerala, where the land is usually prepared for planting during the pre-monsoon season, from March to May, which brings thunderstorms and high humidity.
Fresh food prices in Thailand surge as cost pressures spread wider
Data from Thailand's Commerce Ministry shows a clear upward trend in both agricultural and consumer goods, with fresh protein products leading the increase as producers face higher input costs ...
Agri Industry Experts Urge Govt to Focus on Food Security in Diplomatic ...
Agri industry experts on Friday urged the government to prioritise food security in diplomatic engagements amid disruptions arising from the West Asia crisis, warning of rising risks across the supply chain due to higher logistics and input costs.
