The world’s farmers face soaring fertilizer and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches.
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Farmers see fertilizer price surge as Iran war blocks exports, threatening losses
OPINION: How the Iran war could create a ‘fertilizer shock’ – an often ignored global risk to food prices and farming
A sustained disruption of traffic through Hormuz would not simply constitute an energy crisis. It would also represent a fertilizer shock (where prices go up dramatically and supply goes down) – and, by extension, a direct risk to global food security.
Bunge exploring alternative shipping routes amid Middle East conflict
Global grains trader Bunge is exploring alternative shipping routes and working with customers to minimize any disruptions caused due to the conflict in the Middle East, a company spokesperson told Reuters.
U.S. soybean exports risk 20 per cent drop without improved China deal
U.S. soybean exports may drop 20 per cent and prices will plunge if the United States and China fail to resolve their trade dispute limiting U.S. soybeans from their largest market, agribusiness consultancy AgResource said on Wednesday.
India forecasts above average monsoon rains in boost to crop output, economy
India is forecasting above-average monsoon rains in 2025 for the second year running. This is expected to increase agricultural production and economic growth.
How are U.S. tariffs affecting American agricultural trade so far?
“Irreplaceable” market China has already decreased reliance on American soy, corn
New deals could be struck with over tariffs “perhaps even by the end of the week,” U.S. Agriculture Secretary Brooke Rollins told Fox News on Tuesday as the country’s self-made trade war threatened markets for American farm goods.
Trump trade threats compound global ocean shipping uncertainty
The global ocean shipping industry that handles 80 per cent of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.
Tentative labour deal heads off US port disruption; Trump credited
A tentative labor deal forestalled potentially damaging trade disruptions at three-dozen U.S. East Coast and Gulf of Mexico ports, with both sides in the talks crediting President-elect Donald Trump for clearing the way for them to hammer out a deal on automation.
Trump suggests U.S. should retake control of Panama Canal
President-elect Donald Trump threatened to reassert U.S. control over the Panama Canal on Sunday, accusing Panama of charging excessive rates to use the Central American passage and drawing a sharp rebuke from Panamanian President Jose Raul Mulino.
US port strike disrupts hamburger supplies, frozen seafood
Beef sector could see ripple effects if strike lasts more than a week, industry says
Dockworkers striking at U.S. East Coast and Gulf Coast ports are preventing imports of beef that restaurants and retailers increasingly rely on to make hamburgers due to limited domestic supplies, traders and industry members said.