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30% of fertilizer exports face Hazm risk
The article addresses Saudi Arabia's readiness to face risks arising from disruptions in global supply chains, particularly related to urea and ammonia fertilizers, which account for 20% to 35% of agricultural production costs. It highlights the national food security strategy, which focuses on diversifying import sources and expanding storage capacities to reduce dependence on the Strait of Hormuz, a key route for global fertilizer exports. Geopolitical risks across the region are intensifying, leading to a 15% to 25% increase in global fertilizer prices and raising concerns among major importers like India and Brazil about potential supply shortages. These developments pose ongoing threats to food supply chains, as rising input costs drive up consumer food prices, while pressures on shipping markets and energy prices continue to mount.
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