Policy priorities for preventing a fertilizer affordability crisis from the Strait of Hormuz disruption

Key Points

• This research highlights how disruptions in the Strait of Hormuz can lead to a fertilizer affordability crisis affecting agriculture.
• Analyzed the implications of fertilizer price increases
• Identified key fertilizers impacted, specifically nitrogen and phosphate
• Evaluated potential policy responses to mitigate the crisis
• Increased fertilizer costs could lead to reduced application rates and lower crop yields
• Recommended immediate policy actions to ensure access to affordable fertilizers
• Identified risk of escalating scarcity if no interventions are implemented