Shipping Risks Could Tighten Fertilizer Supplies

Increased tensions with Iran are putting more pressure on global fertilizer exports. StoneX Vice President of Fertilizers Josh Linville says that with all the fertilizer exports that move through the region, losing access to it would be a big blow to fertilizer prices. “It’s very concerning because when you look at the Strait of Hormuz, three of your top ten urea exporters in the world rely on this body of water; three of your top ten anhydrous exporters, and one of your top five phosphate exporters need that body of water.”