this post was submitted on 23 Mar 2026
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Almost a month after the start of the latest US and Israeli military offensive against Iran, the price of fertilizers has risen by 25%, which is already impacting food production costs in Mexico and around the world, said Jorge Esteve, president of the National Agricultural Council (CNA), on Wednesday.
“Approximately 35% of the global urea supply is produced in the (conflict) area and passes through the Strait of Hormuz. Furthermore, 20% of the world's fertilizers are produced in this area,” Esteve said at a press conference.
Urea is a derivative of natural gas and an essential input for the production of nitrogen fertilizers. “The price of fertilizers is rising by over 25%,” he said.
The increase comes at a time when farmers are preparing for the planting of the next agricultural cycle, where the fertilization of the land does not stop.
Source -> https://www.eleconomista.com.mx/empresas/fertilizantes-aumentan-25-agro-ve-traspaso-inminente-precios-alimentos-20260326-805967.html
Get ready folks. It is going to get ugly.
If you have dirt you should put in some spuds.