# Fertilizer industry weighs up war impacts | Latest Market News

> Vessels' inability to transit the Strait of Hormuz has driven sharp increases in urea, ammonia, phosphate and sulphur prices, with urea rising about 50% from late February to mid-March. India has prioritized gas for city networks, limiting fertilizer plant supply to around 70-75% of typical needs and cutting urea output. Strikes on Gulf infrastructure and force majeures could further squeeze availability.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Disruption to Gulf nitrogen and phosphate exports and reduced Indian urea output tighten global supply and lift input costs for feed-grain and oilseed producers. Higher energy prices also feed through to natural gas-based fertilizer costs.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2024-03-25 | [US fertilizer market faces increasing scrutiny \| Latest Market News](https://feedsoft.ai/events/31535-us-fertilizer-market-faces-increasing-scrutiny-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2026-04-07 | [ICIS provides insight into impacts of US-Iran war on fertilizer markets \| World Fertilizer](https://feedsoft.ai/events/19638-icis-provides-insight-into-impacts-of-us-iran-war-on-fertilizer-markets-world.md) | 0.0% | -10.4% |
| UREA | 2026-04-01 | [The Iran war’s impacts on global fertilizer markets and food production](https://feedsoft.ai/events/19643-the-iran-war-s-impacts-on-global-fertilizer-markets-and-food-production.md) | +10.6% | +7.6% |
| UREA | 2024-03-25 | [US-Iran war exposes Australia’s urea import reliance \| Latest Market News](https://feedsoft.ai/events/31527-us-iran-war-exposes-australia-s-urea-import-reliance-latest-market-news.md) | -12.7% | -19.2% |
| UREA | 2023-02-20 | [World’s fertilizer market in turmoil](https://feedsoft.ai/events/37253-world-s-fertilizer-market-in-turmoil.md) | +1.8% | -3.8% |
| DAP | 2024-03-25 | [US fertilizer market faces increasing scrutiny \| Latest Market News](https://feedsoft.ai/events/31535-us-fertilizer-market-faces-increasing-scrutiny-latest-market-news.md) | -10.7% | -13.4% |
| DAP | 2026-04-07 | [ICIS provides insight into impacts of US-Iran war on fertilizer markets \| World Fertilizer](https://feedsoft.ai/events/19638-icis-provides-insight-into-impacts-of-us-iran-war-on-fertilizer-markets-world.md) | +0.7% | +5.9% |
| DAP | 2026-05-05 | [ICIS reports on newest fertilizer market shifts \| World Fertilizer](https://feedsoft.ai/events/19578-icis-reports-on-newest-fertilizer-market-shifts-world-fertilizer.md) | 0.0% | +3.6% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2803312-fertilizer-industry-weighs-up-war-impacts

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.