The world is on the brink of a major famine due to the war with Iran. Disruptions in the supply of urea and rising gas prices could lead to a reduction in food production on several continents.
Interruptions in urea supply
According to Financial Times, due to the escalation of the war with Iran More than 1.1 million tonnes of urea remained blocked in the Persian Gulf. Of the 2.1 million tonnes, almost half did not reach the global market.
About a third of global urea exports go through Strait of Hormuz, which is located in the Middle East. This has put global fertiliser supplies at risk.
Rising gas prices and the impact on food production
The situation is exacerbated by the rapid rise in gas prices, which is a key input for nitrogen fertiliser production. This further affects agricultural production capacity.
As a result, food production could fall sharply on several continents at once. Experts warn of the risk of a major famine due to disruptions in fertiliser supplies.
Ukrainian
English
