Fertilizer trade impacted by Strait of Hormuz conflict

Trade in urea and phosphate fertilizers has been severely disrupted by the conflict in the Persian Gulf, according to data analysed by the WTO Secretariat. Certain economies in Africa and Asia are particularly vulnerable to resulting fertilizer shortages and price hikes. Opening of the Strait of Hormuz – a key channel for fertilizer trade - will in due course contribute to easing trade frictions and restore stability to global markets.