More fertilizer woes due to the closure of the Strait of Hormuz - production of phosphorus fertilizers needs sulphur (50% traded via the strait); prices have spiked from $150 to nearly $1k per tonne. It's used on corn, soy, rice and palm oil. Next up: food crisis.
www.ft.com/content/3cf6...
Farmers in poorer countries risk lower yields as they reduce how much phosphate they apply to crops
