HORMUZ FERTILIZER TRADE REBOUNDS Fertilizer shipments through the Strait of Hormuz are recovering after the U.S.-Iran interim peace deal, e…
HORMUZ FERTILIZER TRADE REBOUNDS
Fertilizer shipments through the Strait of Hormuz are recovering after the U.S.-Iran interim peace deal, easing concerns over global supply disruptions.
At least 16 fertilizer vessels have exited the strait, while weekly exports have rebounded to nearly 530,000 tons from near-zero levels during the conflict.
The recovery has helped drive urea prices lower and reduced risks to global food inflation.
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