HORMUZ DISRUPTION DRIVES FERTILISER PRICE SURGERICES

A near-blockade of the Strait of Hormuz has pushed global urea prices up by over 30%, disrupting nearly a third of global fertiliser trade. The shock comes during peak planting season, raising costs for farmers and tightening supply worldwide.

Import-dependent African economies are highly exposed, with reduced fertiliser access threatening lower crop yields and higher food prices. Analysts warn the crisis could deepen food insecurity as rising input costs ripple across agricultural production and consumer markets.