Owen's brother's concern has indeed occurred; the Russian Security Council stated that the closure of the Strait of Hormuz has caused about half of the global fertilizer exports to stagnate, with nitrogen fertilizer prices rising by 30%.
Deputy Secretary-General Alexander Venedikotov indicated that this disruption could damage sowing activities in Asia, while oil supplies to Europe and Asia have decreased by 40% compared to planned levels.
The strait carries about one-third of the global maritime fertilizer trade.
With no quick alternatives in the short term, Russia, as the world's largest fertilizer exporter, has stated it cannot fill this gap.
The UN trade agency warned last month that countries like Sudan, which rely on this waterway for over half of their supplies, face the most severe shortages.
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。