Data or statistical facts on the situation and perspectives of agri-food systems and the impact of policies
$85.7 billion was the value of the world fertilizer trade in 2024 (Plataforma Tierra, 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 effects of a weak coastal El Niño in Peru could subtract 0.1 percentage points from the growth of economic activity in 2026. (Central Reserve Bank of Peru, 2026).
The Central Reserve Bank of Peru indicates that it reduced the growth projection for the agricultural sector from 3.0% to 2.5% in anticipation of a weak Coastal El Niño event. (BCRP, 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.
15–20% higher global fertilizer prices are projected during the first half of 2026 due to energy and trade tensions linked to the conflict in the Persian Gulf and the Strait of Hormuz.
33% of global maritime fertilizer trade (16 Mt) passes through the Strait of Hormuz, and in some countries, up to 54% of imports come from the Persian Gulf. During the last energy crisis, the natural gas index exceeded 1,000, while nitrogen fertilizers exceeded 700 (urea) and 900 (DAP).
18.5% of the final price of food purchased for at-home consumption in the United States was captured by producers in 2024.
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.
