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High Impact

Strait Of Hormuz Disruption Is Starting To Hit Global Food Supply Fertilizer Prices Are Spiking Fast — Urea Has Doubled Since January To Around $900 Per Ton, Highest Since 2022

📅
🏷Markets
📰via FS
✍️Edited by Luís Barata

Escalating disruptions in the Strait of Hormuz are constraining maritime trade flows, directly impacting the delivery of ammonia and urea from key Middle Eastern producers like Saudi Arabia and Iran. The supply shock has triggered a sharp repricing in global fertilizer markets, with urea futures doubling since January to near $900 per ton, reflecting tightened physical availability and elevated shipping premiums. Agricultural commodity futures, particularly wheat and corn, face upward pressure as input cost inflation raises production outlook risks across import-dependent regions. The MIDEAST and HORMUZ trade corridors are now critical chokepoints, with KING and STRAIT-linked shipping and logistics assets experiencing heightened volatility. Traders will watch the next International Fertilizer Association supply report and Red Sea vessel tracking data for signs of sustained diversion or congestion.

Source: Originally reported by FS at April 29, 2026. Summary and market context by Trading News Terminal editorial.

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