Farmers in the tri-state region may feel the pinch of shortages caused by the war in Iran as planting time approaches.
According to The Fertilizer Institute, the recent closure of the Strait of Hormuz could impact local farmers. The waterway is a key route for global fertilizer and energy shipments. Its closure may cause supply shortages and higher prices for fertilizer ingredients.
The Strait of Hormuz connects major fertilizer-producing countries to markets worldwide.
About half of the world’s urea and sulfur exports go through the waterway.
While the U.S. produces some fertilizer domestically, global supply issues influence prices and availability. When supplies are tight, costs for farmers tend to go up.
It’s still uncertain how much the situation will affect local farmers. The full impact depends on how long the shipping disruptions last and how global markets respond.
The Fertilizer Institute is an industry group that includes fertilizer producers, wholesalers, and retailers.