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Itafos CEO David Delaney says the sulfur shortage is worsening and could last into 2027. He states roughly 45% of globally traded sulfur is stuck behind the Strait of Hormuz, pushing delivered sulfur to $1,000-1,200 per ton.
He also flagged possible Houthi blockade of Bab-el-Mandeb.
Sulfur costs near $1,000+ per ton make phosphate production largely uneconomic, which tightens DAP and MAP supply and supports higher phosphate prices into the coming seasons.
americanagnetwork.comJesse AllenJul 28, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Worsening sulfur shortage with about 45% of traded sulfur stuck behind Hormuz and delivered prices of $1,000-1,200/t raises phosphate production costs and constrains DAP supply, supporting a price jump.
