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Stock impact report

The Iran War Is Cutting Off Fertilizer Supplies And Raising Food Prices [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
One expert warned of a "lost season" for farming in the northern hemisphere, with lower crop yields and higher food prices. The fertilizer shortage could add 2 percentage points to annual food inflation in the coming months, with prices rising the longer the conflict blocks the crucial waterway. If you thought $4 gasoline was expensive, wait until the Iran War's fertilizer crunch starts showing up on grocery store price tags. The closure of the Strait of Hormuz is pushing up more than just gas prices: the blockage of the crucial waterway to ship traffic has cut off about a third of the world's seaborne fertilizer, according to the United Nations. With ships cut off from traveling through Hormuz for more than a month since the war began, fertilizer prices are up nearly 30% in the U.S., according to the Bloomberg Green Markets price index. "If the conflict doesn't end, and transit reopen allowing those fertilizers to pass through, then we have a lost farming season here in the Show less Read more
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