The spot price of Urea is USD600 a tonne; sulfuric acid is selling at USD169 a tonne. These are high prices, because freighters can’t get through the Strait of Hormuz, which means farmers are lacking fertiliser, and that means lower crop yields next year. Lower yields mean higher prices; the knock-on effects of the war are going to be felt for a while.
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The Urea Arena
We can turn hydrocarbons into food and in doing so we can feed the world, as long as nobody blockades the Strait of Hormuz
General Offensive - General Uprising
Understanding what is happening and what will happen in national security, through understanding strategy
Understanding what is happening and what will happen in national security, through understanding strategyAppears in episode
