Iran Fertilizer Shock Threatens Farm Output and Food Security (opens original article in a new tab)

A sharp rise in fertilizer prices in Iran has increased concerns about agricultural production and food security, with costs surging 500-600% compared to last year due to currency reforms, regional tensions, and trade disruptions.

• Fertilizer prices in Iran increased 500-600% compared to last year, with triple superphosphate at 1.432 million rials per kg.
• Currency reforms, regional conflicts, and trade route disruptions have exacerbated agricultural supply chain challenges.
• Global fertilizer markets are also volatile due to instability in the Strait of Hormuz, affecting sulfur, ammonia, and petrochemical trade.