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Agricultural Price Disparity
Comparison of fertilizer costs vs paddy market rates
Primary Sources
Food prices could skyrocket, if no measures taken to tackle fertilizer ...
What followed was a full-scale maritime nightmare as the storm intensified, water killed the engines, rail cars broke loose, and the ferry rolled over near shore, killing 1,172 people.
Global Fertilizer Crisis 2026: Food Prices Set to Skyrocket
Last updated: May 13, 2026 Quick Answer: A military conflict affecting the Strait of Hormuz has blocked roughly 30% of globally traded fertilizers, sending urea prices up 50% in under three weeks during early 2026. Farmer unions worldwide issued urgent alerts in May 2026, warning that spring planting decisions made right now will determine whether food prices spike sharply later this year — and there is no second chance once the planting window closes. Key Takeaways 🚢 Maritime traffic through the Strait of Hormuz collapsed by an estimated 95% following U.S.-Israeli strikes on Iran in late February 2026, stranding critical fertilizer shipments [4] 📈 Urea prices surged from roughly $450/ton to over $700/ton between late February and mid-March 2026 — a 50% jump in less than three weeks [2] 🌾 Approximately 30% of all internationally traded fertilizers, including 30–35% of global urea exports, move through the Strait of Hormuz [2][5] ⚠️ Ammonia shipments through the Strait collapsed from 395,000 metric tons in March 2025 to just 30,000 metric tons in March 2026 [3] 🌍 FAO projects global fertilizer prices could average 15–20% higher throughout the first half of 2026 if the crisis persists [1] 🌱 The crisis coincides directly with the spring 2026 planting window — missing it means no crop recovery is possible this cycle [2] 💰 Nitrogenous fertilizer costs had already risen 22% from February 2025 to February 2026, before the conflict escalated [2] 🏛️ Farmer unions globally issued coordinated alerts on May 12, 2026, calling for emergency government intervention and strategic reserve releases What Triggered the 2026 Global Fertilizer Crisis? The immediate trigger was military action. U.S.-Israeli strikes on Iran beginning February 28, 2026 effectively shut down commercial shipping through the Strait of Hormuz. Maritime traffic through this narrow chokepoint dropped from approximately 130 ships per day to single digits by early March — a collapse of roughly 95% [4]. The Strait of Hormuz is not just an oil corridor. Around 30% of all internationally traded fertilizers move through it, including 30–35% of global urea exports and 20–30% of ammonia exports [2][5]. When that route closed, the fertilizer supply chain broke almost immediately. Key contributing factors: Geopolitical conflict blocking the world’s most critical fertilizer shipping lane Pre-existing price pressure: nitrogenous fertilizer costs had already climbed 22% in the year before the strikes ...
War yields higher fertiliser profits As Sri Lanka faces ... - Facebook
War yields higher fertiliser profits As Sri Lanka faces higher food prices and shortages because of the Iran war, fertiliser manufacturers are reporting...
Daily Price Report - Central Bank of Sri Lanka
Daily Price Report describes the day's price developments of selected key consumer items in key markets that have significant impact in determination of the general price levels of the respective consumer items. .
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