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Urea Highlights Fertilizer Shortage
The article explains that the disruption in the waters of the Strait of Hormuz, which affects shipments of oil, gas, and fertilizers, has led to a significant decline in the quantities of 12 strategic commodities, including urea and liquefied natural gas. Despite prices falling after the peak of the disruptions, export volumes decreased by up to 95%, threatening supply gaps and increasing the cost of agricultural and industrial production, especially since urea is a vital element for increasing crop productivity. The study shows that the reduction in quantities reflects broader impacts on supply chains, and that some countries' export restrictions were aimed at compensating for shortages. However, these measures have worsened the crisis and posed a threat to global food security and industrial materials.
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