🚨🚨🚨 Global crisis in fertilizers due to the blockade of the Strait of Hormuz 🚨🚨🚨
The world is experiencing a serious disruption after approximately 33% of sea-transported fertilizers have disappeared, with shipping movements through the Strait of Hormuz decreasing by 97%, leading to widespread repercussions:
Africa: the most affected, as the arrival of fertilizers is disrupted coinciding with the planting season, warning of food shortages and unrest.
India: Declining urea production due to reduced gas supplies, threatening food security for billions of people.
Egypt: Urea prices have increased by 28% as it relies on imports, exacerbating the food crisis.
Europe: Significant rise in gas prices (30% in Germany and France) and increased pressure on fertilizer supplies, with emergency plans being activated.
America: Supplies affected due to the disruption of Gulf exports, with prices rising significantly, putting pressure on consumers and reserves.
Russia: The biggest beneficiary, as it has become the main alternative supplier of fertilizers globally.
China: Relies on a massive stockpile and restrictions on exports as part of a long-term strategy.
Despite OPEC's increase in production, there is still a significant supply deficit. International organizations have issued simultaneous warnings, indicating a real danger: the world is not facing just a temporary crisis but the beginning of a gradual famine if the situation continues.
#GlobalCrisis #SupplyChain #HormuzStrait #globaleconomy #Inflation