How are fertilizer markets coping with the continued closure of the Strait of Hormuz?

Le résumé fourni par la source

Key takeaways - Nitrogen markets are returning to pre-war levels, but risks remain. Urea and ammonia prices have fallen from earlier peaks, though seasonal demand could drive new increases if disruptions continue. - Phosphate supplies remain tight and costly. Prices have stayed elevated as sulfur shortages continue to constrain production and trade. - Sulfur has emerged as a major bottleneck. Reduced exports, transport disruptions, and export restrictions are raising costs across global fertilizer markets.

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