An attack by Iranian forces on a Cyprus-flagged ship with Indian crew has heightened concerns among shipping lines and seafarers' organizations, raising worries about fuel and fertilizer supply disruptions through the Strait of Hormuz.
Fifteen of 20 India-bound fertiliser ships have safely passed the Strait of Hormuz. Domestic urea production also exceeded targets from April to June, ensuring adequate fertiliser availability for farmers during the kharif season.
India's fertilizer supply remains largely on track despite Middle East disruptions, with most shipments crossing the Strait of Hormuz safely. Domestic production exceeds targets, and the government has secured new supply sources through diplomatic outreach to safeguard farmers' interests.
The war with Iran has disrupted global fertilizer shipments, causing price hikes and shortages. While U.S. farmers face higher costs and limited availability, experts believe this will not significantly impact retail food prices due to broader inflation factors. Developing countries are more vulnerable to severe effects.
US farmers, including Ryan Poe, Kevin Deinert, and Dave Walton, are still grappling with high fertilizer and diesel prices despite global market drops and a tentative Iran peace deal. A USDA forecast predicts these costs won't substantially decrease until 2027, putting significant pressure on farm margins and the rural economy.
BRICS member nations will utilize the bloc's common reserve funds for mutual support, according to Russian Security Council Secretary Sergey Shoigu. The reserves will include resources like hydrocarbons, fertilizers, LNG, oil, and medicines to ensure certainty and reliance among member countries.
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Four ships carrying approximately 1.8 lakh tonnes of urea, DAP, and sulphur have successfully crossed the Strait of Hormuz and are en route to Indian ports. The vessels passed through the conflict-hit channel last week, just before Iran announced a fresh closure.
Four cargo ships carrying vital fertilizers like urea and di-ammonium phosphate have successfully passed through the Strait of Hormuz en route to Indian ports, bolstering the nation's fertilizer reserves for the upcoming summer crop season.
Russia's mineral fertilizer exports have increased by nearly 7%, reaching $5.5 billion year-to-date. Brazil remains the top buyer, with significant surges in deliveries to China and India.
President Vladimir Putin suggests Russia will increase exports of high-value products like fertilizers and medicines to ASEAN, alongside continued food and energy supplies.
A potential US-Iran peace agreement could significantly benefit African economies by stabilizing global financial and commodity markets. Lower oil prices, reduced freight costs, and smoother trade flows would ease imported inflation, particularly for energy, fertilizers, and food, acting as a stimulus and food security package for many nations.
Russian newspapers highlight a US-Iran deal to end Middle East conflict, Europe's alleged attempts to derail Ukraine peace talks, declining oil prices, rising global fertilizer demand, and the impact of US national debt on global monetary policy.
Russia expressed interest in boosting exports of food, mineral fertilizers, and engineering products to Laos. Following bilateral talks, Russian Minister of Economic Development Maxim Reshetnikov also noted readiness to import more rubber, coffee, and textiles from Laos, and highlighted Laos' bauxite reserves for the Russian aluminum industry. Discussions also covered launching direct flights.
India's Finance Minister Nirmala Sitharaman outlined economic challenges including volatile forex and oil prices, rising fertilizer costs, and a potential weak monsoon. The government is preparing for a less favorable monsoon by maintaining adequate buffer stocks to ensure supply stability.
France's National Assembly has adopted a bill to drastically reduce cadmium levels in phosphate fertilizers. The measure aims to limit population exposure to this toxic heavy metal, primarily through food consumption, and requires adaptation from the agricultural sector.
A Swiss startup, VunaNexus, has developed a technology to transform human urine into a certified liquid fertilizer called Aurin. Initially seen as unconventional, the process gained traction due to soaring fertilizer prices and supply chain issues following the Russia-Ukraine war. The technology is being implemented in buildings across Europe and has roots in a pioneering project in South Africa.
EuroChem CEO Igor Akhmerov stated that the Middle East situation has caused a shock for global agricultural producers due to rising fertilizer prices, negatively impacting farmers in the long term.
Russia is prepared to boost its mineral fertilizer exports to Brazil this year, according to Andrey Guryev, President of the Russian Fertilizer Producers Association. Brazil is currently Russia's largest fertilizer customer, with Russian products making up one-third of the Brazilian market.
French lawmakers are proposing a law to limit cadmium exposure, as nearly half the adult population exceeds reference toxicological values. The high exposure is linked to food, particularly through phosphate fertilizers imported from Morocco, which have naturally high cadmium levels. France also benefits from a derogation allowing higher cadmium limits in fertilizers than the EU standard.
India anticipates reduced fertilizer use this Kharif season due to a below-normal monsoon forecast. Urea demand is down to 190 lakh tonnes and DAP to 60 lakh tonnes. Despite rising global prices, India is importing urea and has surplus stocks of rice, wheat, and pulses.
India's fertilizer subsidy bill could surge past a record ₹3 lakh crore this fiscal, significantly exceeding the budget estimate of ₹1.71 lakh crore, due to the West Asia crisis and a falling rupee. The country relies heavily on imports for key fertilizers like DAP and urea.
India plans to integrate fertilizer sales with the national AgriStack database to prevent misuse of subsidies, track farm-level consumption, and identify excessive buying. The initiative will match purchases with farmer IDs and land details, using AI and satellite imagery to create consumption profiles.
Russia's Prodintorg and Bangladesh's BADC have signed a contract for over 500,000 tons of potash fertilizers for 2026-2027, marking the largest fertilizer deal in the history of their bilateral cooperation.
