🚨 GLOBAL FOOD CRISIS ALERT 🚨

Food is set to get even more expensive! The fallout from the Iran War is already hitting hard:

💥 Fertilizer prices have surged +44% since the start of the conflict—the highest levels since 2022.

🌍 Why it matters: ~33% of globally traded fertilizers pass through the Strait of Hormuz, which is now effectively closed.

Breakdown of global exposure:

23% of ammonia

34% of urea (the world’s most widely used nitrogen fertilizer)

Nearly 20% of phosphate supply

📈 Meanwhile, the Bloomberg Agriculture Subindex has jumped ~9%, tracking the futures prices of key crops like wheat, corn, soybeans, sugar, coffee, and cotton.

Historically, rising fertilizer costs act as a leading indicator for higher food prices: as production costs climb, farmers are forced to reduce supply, which pushes crop prices higher.

⚠️ The result: a new wave of global food inflation is imminent, threatening economies and households worldwide.

#FoodCrisis #FertilizerShock #GlobalInflation #IranWarImpact #AgriMarkets