Disruptions to nitrogen fertilizer supply through the Strait of Hormuz could reduce global grain yields and shift planting decisions, potentially lifting grain prices, Goldman Sachs said in a report on Tuesday.
Russia, which controls up to 40 per cent of the global trade in ammonium nitrate, said on Tuesday it will stop exports of the fertilizer for one month until April 21 to ensure sufficient supply during the spring planting season.
The Trump administration on Monday urged World Trade Organization members to rethink the body’s core principle of “Most Favored Nation” bound tariff rates, arguing in a new position paper that this has led to discriminatory practices and imbalanced trade, including with China.
Crop monitoring service MARS said on Monday it expects the European Union’s average soft wheat yield to reach 5.98 tonnes per hectare this year, five per cent lower than in 2025.
China’s state planner on Friday said authorities will make timely adjustments to hog reserves and continue to strengthen the management of hog production capacity.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Unilever is in talks with McCormick & Company about selling its foods business, in a potential deal that would bring together the British company’s Hellmann’s and Knorr brands with McCormick’s Cholula hot sauce.
China is clamping down on fertilizer exports to protect its domestic market, a number of industry sources said, putting an additional strain on global markets that were already grappling with shortages caused by the U.S.-Israeli war on Iran.