WashingtonUrea once topped $850 a ton, 80% higher.
Smallholders who pay cash at planting season can’t hedge, so they simply plant less.
Natural gas feeds the Haber-Bosch process that makes ammonia, so the war closing the Iran shipping route reaches food a season late.
Henry Hub gas sits 2.8% higher in a week, as of September 1.
How each outlet framed it
drawn from 250+ reports worldwide
- MIT Technology Review
- emphasizes natural gas's dual role (energy source and ammonia feedstock) and maps price volatility to Hormuz chokepoint concentration
Sources: MIT Technology Review