The Strait of Hormuz, the new bottleneck for food / The price of sulfur doubled The transit of chemical fertilizer shipments through the Strait of Hormuz in September and October reached zero. Before the war, about 20% of the world trade in nitrogen fertilizers went through this route, and the Persian Gulf countries supplied half of the sulfur traded in the world. The price of sulfur doubled and exceeded $1,000 per ton, and the price of phosphate fertilizers also increased by 25 to 30 percent. Cost of India's fertilizer subsidy could exceed 3 trillion rupees; While the approved budget is 1.71 trillion rupees.

The Strait of Hormuz, the new bottleneck for food / The price of sulfur doubled The transit of chemical fertilizer shipments through the Strait of Hormuz in September and October reached zero. Before the war, about 20% of the world trade in nitrogen fertilizers went through this route, and the Persian Gulf countries supplied half of the sulfur traded in the world. The price of sulfur doubled and exceeded $1,000 per ton, and the price of phosphate fertilizers also increased by 25 to 30 percent. Cost of India's fertilizer subsidy could exceed 3 trillion rupees; While the approved budget is 1.71 trillion rupees.