Almost a month after the start of the latest US and Israeli military offensive against Iran, the price of fertilizers has risen by 25%, which is already impacting food production costs in Mexico and around the world, said Jorge Esteve, president of the National Agricultural Council (CNA), on Wednesday.

“Approximately 35% of the global urea supply is produced in the (conflict) area and passes through the Strait of Hormuz. Furthermore, 20% of the world's fertilizers are produced in this area,” Esteve said at a press conference.

Urea is a derivative of natural gas and an essential input for the production of nitrogen fertilizers. “The price of fertilizers is rising by over 25%,” he said.

The increase comes at a time when farmers are preparing for the planting of the next agricultural cycle, where the fertilization of the land does not stop.

Source -> https://www.eleconomista.com.mx/empresas/fertilizantes-aumentan-25-agro-ve-traspaso-inminente-precios-alimentos-20260326-805967.html

Get ready folks. It is going to get ugly.