Fertilizer giant warns: Nitrogen fertilizer prices are already high, but will rise further.

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One of the world's major nitrogen fertilizer exporters has warned that if disruptions to shipping in the Persian Gulf persist, nitrogen fertilizer prices—which are already high—could rise further, putting real pressure on global food security.

Ahmed El-Hoshy, CEO of Abu Dhabi fertilizer company Fertiglobe Plc, said in an interview, "Prices are already quite 'elevated,' but if the situation continues, prices may increase even further."

He also warned that this situation presents a serious challenge to agriculture and could ultimately be transmitted to food prices.

Currently, the blockade of Hormuz has cut off about one-third of seaborne fertilizer trade, raising concerns in the market over a food crisis. Countries are scrambling to find alternative supplies, but some major producers have already restricted exports, forcing many buyers to pay premiums to compete for limited resources.

Nitrogen fertilizer prices have nearly doubled compared to before the war, high prices impact demand

Ahmed El-Hoshy pointed out that current nitrogen fertilizer prices have nearly doubled compared to before the outbreak of the Iran war, and the persistently high fertilizer prices are beginning to dampen agricultural demand.

Fertiglobe has observed signs of slowed purchasing by buyers in regions such as Sub-Saharan Africa and Australia, with markets less able to bear high prices being particularly affected.

Ahmed El-Hoshy warned that if persistently high fertilizer costs are transmitted to food prices, global food security pressures will intensify further. This risk is especially pronounced for developing economies that rely on imported food.

Last Friday, Iran announced that ships could once again pass through the Strait of Hormuz, but within less than 24 hours, as tensions rose, transit was halted again.

The conflict has now entered its eighth week. The US and Iran are expressing significant differences regarding the next phase, and whether peace talks can proceed remains highly uncertain.

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