Rising fertilizer prices triggered by the effective closure of the Strait of Hormuz “raise the risk of widespread demand destruction” as farmers reduce application rates, delay purchases, or shift crop choices, warns Rabobank in a new report. “Nigeria is also strengthening its position in Atlantic markets, particularly Brazil and the US, supported by its three urea plants. That said, rising urea prices have added as much as $35/acre to the cost of producing corn in some of the most intensive systems, says the bank. However, Sub-Saharan Africa remains highly exposed to price volatility, says Rabobank: “Urea prices in southeastern Africa have jumped nearly 40% and phosphates between 10% and 15%.”AustraliaAustralian farmers are facing acute margin pressure due to heavy reliance on imported fertilizers. As a result, growers are expected to reduce fertilizer use and shift crop rotations toward less input-intensive crops such as barley and canola, predicts Rabobank.

Source: The North Africa Journal April 07, 2026 18:30 UTC