Data or statistical facts on the situation and perspectives of agri-food systems and the impact of policies
The global demand for nutrients will reach 205 Mt in the fertilizer year 2025/26 (Earth Platform, 2026).
$85.7 billion was the value of the world fertilizer trade in 2024 (Plataforma Tierra, 2026).
75% of the value of the world trade in fertilizers corresponds to nitrogenous fertilizers (Plataforma Tierra, 2026).
16.6% of global fertilizer trade corresponds to exports from Russia (Earth Platform, 2026).
The value of the global fertilizer trade fell by 8.9% in 2024 compared to 2023 (Plataforma Tierra, 2026).
It is estimated that the prolonged closure of the Strait of Hormuz will have an impact on inflation of 0.4 percentage points due to increased costs of freight, fertilizers, petrochemicals, among others. (Central Reserve Bank of Peru, 2026).
The IMF warns that energy-importing Caribbean countries face balance of payments pressures due to rising oil and food prices; oil surpassed USD 100/barrel (+50% in one month), with additional risks for tourism- and remittance-dependent economies.
The price of Brent crude rose by 27%, reaching approximately $91.80 per barrel, while the price of European natural gas (TTF) rose by 74%, reaching nearly €55.80 per MWh.
Freight rates for oil tankers rose (BDTI +54% and BCTI +72%), while marine fuel prices increased by up to +99% for low-sulfur fuel and +100% for high-sulfur fuel, driving up transportation costs in global supply chains.
Ship traffic through the Strait of Hormuz fell more than 95% (from over 100 vessels per day to fewer than 10), disrupting flows of oil, LNG and fertilizers essential for global agricultural production (UNCTAD, 2026).
