Data or statistical facts on the situation and perspectives of agri-food systems and the impact of policies
Fertilizer exports from the Persian Gulf were 0 (zero) during the last two weeks of June, continuing the trend of being virtually nonexistent, even after the signing of a Memorandum of Understanding regarding the conflict in the region. (World Trade Organization, 2026)
EUR 5.6 billion is the approximate size of Spain’s agricultural inputs market at farm-gate prices, especially exposed to volatility from the closure of Hormuz.
One third of global urea exports pass through the Strait of Hormuz, a key corridor for global fertilizer trade.
45% of sulfur, an essential raw material for phosphate fertilizers, passes through the Strait of Hormuz.
30% was the decline in global fertilizer trade by volume during the first four months of 2026 due to the war in the Middle East, the closure of the Strait of Hormuz, and export restrictions.
It increased by 2.6% compared to the level of April 2026. It averaged 114.3 points in May 2026. The increase reflected lower expected harvests in major exporters, and higher fuel and fertilizer costs. (FAO, 2026).
Natural gas prices, the main input for fertilizers, increased by up to 50%, driving up the cost of the sector (Agrolatam, 2026).
Prices for nitrogen fertilizers in the US market have risen by more than 30% in recent weeks (Agrolatam, 2026).
The price of urea in the United States increased by 34% before the planting season (Agrolatam, 2026).
More than 80% of the fertilizers used in Latin America are imported, which increases regional vulnerability to external shocks (Mundoagro, 2026).
