Strait of Hormuz

The state producer can redirect over 1.5 million tonnes of surplus urea annually and is using the Australia G-to-G delivery as a template for South Asian deals.

Senators examined supply concentration and farmer access amid the Hormuz crisis; Pivot Bio testified that the 2027 planting season faces residual nitrogen supply risk.

Stocks hit 196 lakh tonnes as vessels carrying urea, DAP and sulphur reach Indian ports with kharif season now under way.

First cargo under a 250,000t government-to-government deal reaches Brisbane, bypassing Hormuz-exposed supply routes entirely.

Lower equipment costs, established incentive programs, and growing concerns about supply security after the Strait of Hormuz crisis are moving green ammonia from an idea to actual construction. Fertilizer production is becoming the first major commercial market for the industry.

Josh Linville notes that nitrogen markets remain under pressure following the Strait of Hormuz crisis, but months of lost production in the Middle East and China may tighten supplies later this year.

New Delhi is absorbing the rise in global fertilizer costs, as record DAP import prices and higher urea costs further widen the gap between market and regulated retail prices.

Total inbound cargo from Gulf ports fell from 1.5 million tonnes to just 101,000 tonnes in May, with U.S. fertilizer imports down 44% as the Hormuz closure severed key supply routes.

The Muscat-listed fertilizer producer is launching a $678 million share sale, having avoided the Strait of Hormuz shipping crisis. This positions the company to benefit from higher nitrogen prices and sustained Indian demand.

DAP prices remain near USD 930 per tonne CFR India, despite the post-Hormuz decline in nitrogen prices. Ongoing Chinese export restrictions and limited Middle East sulfur supplies continue to tighten phosphate markets.

New Orleans urea barge prices have dropped by over 50% since April, driven by renewed Middle East supply and resumed Chinese exports, shifting the global nitrogen market from shortage to surplus.

The institution forecasts sharp increases in nitrogen, phosphate, and potash prices, with urea expected to post the largest annual gain as supply disruptions and trade restrictions tighten global markets.

Revenue rose 20% to $1.99 billion, as higher global nitrogen prices offset the impact of the extended Yazoo City outage. The outage is expected to reduce 2026 ammonia production by approximately 600,000 tonnes.

A Farm Bureau survey highlights the severity of the fertilizer affordability crisis, as rising nitrogen prices force growers to reduce applications. Ongoing disruptions in the Strait of Hormuz may further increase costs for the 2027 planting season.

This financing strengthens Mosaic’s balance sheet in anticipation of higher sulfur and ammonia costs, which are expected to pressure phosphate margins in the second quarter of 2026.