
Indonesian outlet Kompas reports that world food and fertilizer prices are rising amid the Middle East war. Over the past month, world wheat prices rose 0.8% and rice prices 1.9%, with El Niño concerns also cited.
The fertilizer price index rose 14.05% month on month, ahead of the energy index's 12.07% gain.
Higher fertilizer costs and El Niño risk support grain and rice prices and raise feed input costs. The fertilizer rise also threatens next-season planting economics.
After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
After 12 past bullish geopolitics events, Rough Rice moved a median +1.6% over 5 sessions (58% higher; middle half -0.5% to +6.8%), and +5.4% over 20.
After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% 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.