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BackDisruptions in fertilizer supplies through the Strait of Hormuz threaten food security
Disruptions in fertilizer supplies through the Strait of Hormuz threaten food security
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РИА Новости55 minutes agoWorld2 min readRussiaView original

Disruptions in fertilizer supplies through the Strait of Hormuz threaten food security

Quick Look

  • Disruptions in fertilizer supplies through the Strait of Hormuz could undermine global food security, especially in developing countries, according to statements by the IMO and FAO.
  • Before the conflict, 13% of global trade in chemicals, including fertilizers, and significant shares of oil and gas passed through the strait.
  • The IMO calls for political will and cooperation to restore shipping.

AI-generated summary

Why It Matters

The Strait of Hormuz is a key route for international trade, including fertilizers, oil and gas. Before the conflict, 13% of global chemical trade passed through it. Shipping disruption is already a concern for international organizations due to the risks to food and energy markets.

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Disruptions in the supply of fertilizers through the Strait of Hormuz could undermine global food security, and the most vulnerable countries will feel the consequences even into next year, the International Maritime Organization (IMO) of the United Nations told RIA Novosti.

Earlier, the head of the UN Food and Agriculture Organization (FAO) department for relations with the Russian Federation, Oleg Kobyakov, told RIA Novosti that disruption of shipping through the Strait of Hormuz is causing a global shortage of fertilizers and worsening the situation in markets, including energy.

"The Strait of Hormuz is a critical route for international trade... The disruption of fertilizer supplies threatens food security. The effects could be felt for much of next year, especially in developing countries, which are most vulnerable to rising prices and supply disruptions," the IMO said.

The IMO press service noted that before the conflict, ships transported 13% of the global trade in chemicals, including fertilizers, through the Strait of Hormuz. The strait also handles 38% of the world's maritime trade of crude oil, 29% of liquefied petroleum gas and 19% of liquefied natural gas, according to the UN.

In connection with the food crisis, the IMO calls on countries to show political will and resume the movement of ships carrying fertilizers through the Strait of Hormuz, the IMO noted.

"The International Maritime Organization is part of the UN Task Force on the Strait of Hormuz, led by the UN Office for Project Services (UNOPS), and supports efforts to facilitate trade in fertilizers and the movement of key raw materials. However, political will and cooperation of stakeholders is required to achieve progress," the press service said.

What to Watch

AI outlook — possibilities, not facts

  • If shipping through the Strait of Hormuz is not restored, the impacts on food security will be felt for much of next year.

    Likely · Within months

  • Developing countries will be most vulnerable to rising prices and disruptions in fertilizer supplies.

    Very likely · Within months

Open Questions

  • What kind of conflict is IMO referring to exactly?
  • What specific measures are proposed to restore shipping?
  • How long will it take for supplies to normalize once ship traffic resumes?

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This article was originally published by РИА Новости.

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