Fertilizer shipments via Hormuz resume

Since last week, fertilizer exports through the Strait of Hormuz have experienced a noticeable boost, with at least 16 ships carrying agricultural nutrients departing. The volume of shipments is approaching pre-war levels between the United States and Iran. Weekly shipments reached approximately 530,000 tons by June 21, with ongoing improvements from levels close to zero during the conflict. This trend is expected to ease pressures on global fertilizer supplies and urea prices, as most of the ships head towards Asia, particularly China, India, and Sri Lanka.

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