Due to the blockade of the Hormuz Strait, U.S. fertilizer imports from the Middle East dropped to zero in May, with total imports plunging 44% year-on-year to 553,000 tons.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
- Trade data provider Descartes Datamyne stated on Thursday that in May, the United States’ fertilizer imports from Middle Eastern ports affected by the Strait of Hormuz blockade dropped to zero, resulting in overall crop nutrient imports falling by 44% year-on-year to 553,000 metric tons. This represents one of the earliest assessments of the war’s impact on American farmers. The Middle East supplies nearly one-third of the world’s fertilizer trade, which is typically shipped through the strait.
- The supply interruption of urea from Qatar, with common raw materials such as sulfur and ammonia also restricted, has tightened supply and caused prices to soar. According to data from the United Nations Food and Agriculture Organization, global fertilizer prices rose by about 20% from February to May. U.S. fertilizer imports plummeted month-by-month from 464,000 metric tons in February. Recently, nitrogen fertilizer prices have retreated slightly due to a decline in seasonal demand, but phosphate fertilizer prices remain high.
- American farmers growing crops such as corn, wheat, and soybeans are under multiple pressures from drought, rising input costs, and lost sales. In May, the president of Nutrien—the world’s largest potash producer—stated that regardless of when the war ends, high fertilizer prices could persist until 2027. At the end of last month, the U.S. Federal Trade Commission announced an investigation into fertilizer pricing. Last week, Trump said he was considering measures to help farmers affected by high prices, but did not disclose specific details.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Salt Investments’ independent director Cheng Liang Chye to step down after Sept. 29 AGM
Reuters•2026/09/14 19:17
--Bluerock Homes Trust Keeps Quarterly Dividend at $0.125 a Share, Payable Oct. 5 to Holders of Record Sept. 25
MT newswire•2026/09/14 19:17
UDR's 2026 FFO Estimate Lowered Amid Non-Recurring Expenses, Truist Says
MT newswire•2026/09/14 19:16
Stellantis Shares Fall After Morgan Stanley Downgrade
MT newswire•2026/09/14 19:16
Crypto prices
MoreBitcoin
BTC
$79,164.8
+2.51%
Ethereum
ETH
$2,542.96
+1.45%
Tether USDt
USDT
$0.9998
+0.02%
BNB
BNB
$726
+0.58%
XRP
XRP
$1.47
+8.48%
USDC
USDC
$0.9998
-0.00%
Solana
SOL
$103.49
+2.50%
TRON
TRX
$0.3405
-0.19%
Hyperliquid
HYPE
$81.5
+4.29%
Zcash
ZEC
$1,192.55
+8.48%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now