Fertilizer Shipments via Strait of Hormuz Resume

Fertilizer exports through the Strait of Hormuz have significantly increased since last week, after being limited during the period of the war with Iran. They reached approximately 530,000 tons weekly by the end of June, with most ships heading to Asia, particularly China and India. This revival reflects a decline in concerns about supply disruptions, which has helped ease inflationary pressures on food prices and raised expectations for the end of the stuck ship crisis in the Gulf.

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