Headline: WATT Poultry, 5/15/2026
Among the many topics he talked about was market volatility, caused, among other factors, by the impact of the conflict in the Middle East. He said that around 12% of global trade passes through the Strait of Hormuz, as well as 20% of oil exports and 22-23% of urea exports.
He asked the audience: How come the oil issue affects a poultry producer?
First of all, around 20-25% of phosphorus and nitrogen fertilizers are exported through this strait, and fertilizers are needed to produce grains that are needed to produce poultry. Russia and China export these fertilizers too, but they have slowed down their exports. [emphasis added]
Related posts:
May 2026
Global reverberations of Trump War of Whimsy (Qatar liquified natural gas industry). (5/18)
No comments:
Post a Comment