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8.8

Hormuz closure sends fertilizer, grain prices soaring

Closure of the Strait of Hormuz has driven diammonium phosphate to $802.5/ton, a 28.4% spike, lifting corn 13.3% and soybeans 22.6%. The disruption threatens global fertilizer and food supply chains, amplifying inflationary pressures.

Anadolu Agency ENabout 8 hours agoIR, AE, SAengCredibility 51%View source

Score Breakdown

Mosaic Score8.8
Model confidence0.7
Significance1.0
Source credibility0.5

Intelligence Tags

#fertilizer#food prices#supply chain#inflation#strait of hormuz

Locations

Strait of Hormuz

Entities

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Source

Related signals

8 found