Fertiliser companies around the world are cutting production of one of the most vital crop nutrients as the conflict in the Middle East upends supply chains, intensifying concerns over future food shortages.
Disruption to shipping in the Strait of Hormuz has hit global supplies of sulphur — required to make phosphate fertilisers that are used on crops including corn, soyabeans, rice and palm oil.
“This situation around Hormuz was in the beginning a raw material problem that has turned into a fertiliser supply shock,” said Faris Derrij, chief executive of OCP Nutricrops, whose parent OCP Group is the world’s biggest phosphate exporter.
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