Updated
Updated · The Wall Street Journal · Apr 28
UN reports sharp rise in fertilizer and food prices amid Iran war
Updated
Updated · The Wall Street Journal · Apr 28

UN reports sharp rise in fertilizer and food prices amid Iran war

11 articles · Updated · The Wall Street Journal · Apr 28
  • Urea prices have surged 59.8% and diammonium phosphate 18.3% since February 26, according to a new UN dashboard.
  • The FAO Food Price Index increased 2.4%, with wheat and corn prices rising about 6% and nearly 5% respectively, reflecting global market disruptions.
  • UNCTAD attributes these spikes to a more than 95% drop in Strait of Hormuz transit since the Iran war began, causing broader commodity and oil price volatility.
Can American farmers survive the 'perfect storm' of drought, high costs, and supply shocks?
As Asia faces fuel rationing, is the world's largest economic region heading for a severe crisis?
Beyond food and fuel, are critical industries like electronics and medicine next to face shortages?
With one strait closed, why is the entire global food system on the brink of collapse?
Should the record profits of oil giants be taxed to fund the humanitarian crisis?
As diplomacy stalls, could an international military mission to reopen the Strait of Hormuz be imminent?