1. The situation in the Strait of Hormuz pushed up global fertilizer prices: supply chain security risks highlighted
Geopolitical tensions in the Middle East are affecting the global fertilizer market. On 9 March, the Chicago Futures Exchange urea master contract reported $584.5 per ton, a 25 per cent increase from 28 February; domestic spot prices of sulphur rose to $4550 per toon, a 17 per cent rise from before the escalation of th...