Fertiliser costs are soaring amid war in the Middle East. Will your grocery bill follow?
- Written by David Ubilava, Associate Professor of Economics, University of Sydney
Alfio Manciagli/GettyConflict between the United States, Israel and Iran has now led to the effective closure of the Strait of Hormuz, a key shipping route through which a fifth of the world’s oil passes.
But oil is not the only important commodity that has been disrupted. The Middle East is a key supplier of fertiliser, exporting some 45%...
Read more: Fertiliser costs are soaring amid war in the Middle East. Will your grocery bill follow?
