Hormuz Crisis Fertiliser Shortage Threatens African Crop Yields Food Security
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Strait Hormuz chokepoint ~25% global seaborne oil/LNG/fertilizers sees ship traffic plummet from ~130/day pre-crisis to single digits early March (-95%) amid Iranian attacks spooking markets despite not formally closed. Disruptions spread Red Sea regional routes vessels reroute extending journeys/costs pressuring global trade/humanitarian aid shipments. UNCTAD Chief Transport Frida Youssef notes impacts beyond Hormuz critical supply lines.
Fertilizer production costs surge especially nitrogen-based Gulf gas-dependent threatening agricultural productivity global food prices; timing critical spring planting season farmers/countries buy for next harvest. Unable secure supply/high prices risks crop yield declines. Least developed economies least shock absorption capacity feel strongest effects higher fuel/food/fertilizer/transport costs strain public finances/household budgets.
High import dependence worsens food production cuts insecurity; shared global interest keeps trade routes open as disruptions scale hit all economies. UNCTAD monitors provides data/analysis supports governments convenes national partners info-sharing/coordination stressing secure/predictable maritime transport international law.
