Analysis-Iran war fertiliser squeeze could spell trouble for next year's grain harvests

Posted 2 hours ago by

Al-Monitor

By Gus Trompiz and Naveen ThukralPARIS/SINGAPORE, April 27 (Reuters) - Farmers around the world are facing the second surge in fertiliser prices in four years due to the Iran war. But with grain prices too low to cushion the blow from the deeper supply crunch this time around, many are rethinking planting plans, putting global food production at risk.The Middle East is a leading fertiliser production hub, and much of the global fertiliser trade typically passes through the Strait of Hormuz, which has seen traffic brought to a standstill by the conflict.