Workers unload urea fertilizer from a cargo ship in Yantai Port, Shandong Province, China on March 13, 2026. Cfoto | Future Publishing | Getty Images Farmers in the northern hemisphere are heading into the crucial spring months, during which major fieldwork must begin. Their peers in the south, meanwhile, are busy harvesting crops before the winter sets in. However, their work now takes place as t...
Workers unload urea fertilizer from a cargo ship in Yantai Port, Shandong Province, China on March 13, 2026. Cfoto | Future Publishing | Getty Images Farmers in the northern hemisphere are heading into the crucial spring months, during which major fieldwork must begin. Their peers in the south, meanwhile, are busy harvesting crops before the winter sets in. However, their work now takes place as the Iran war creates serious supply constraints for essential fertilizer products — fueling massive price spikes and warnings of looming food insecurity. Around one-third of the global seaborne fertilizer trade passes through the Strait of Hormuz, according to the UN. The waterway, a critical shipping route that runs along Iran's southern border, has been severely disrupted since the start of the war, with traffic effectively coming to a halt and several ships being hit by projectiles in or near the waterway. Since the U.S. and Israel launched strikes on Iran on Feb. 28, the price of fertilizer — much of which is produced in the Middle East — has skyrocketed. Fertilizer futures contracts are less liquid than other commodities, making prices more opaque. But analysts working in the sector told CNBC that they had seen the cost of FOB granular urea in Egypt — a bellwether of nitrogen fertilizers — jump to around $700 per metric ton, up from $400 to $490 before the war began. In a Monday note, Oxford Economics' Alpine Macro said urea and ammonia prices had surged by around 50% and 20%, respectively, since the war began. Other fertilizers, like potash and sulfur, have also risen in price. The Middle East is a particularly large exporter of urea and nitrogen products, according to Chris Lawson, VP of market intelligence and prices at CRU. "With the Strait of Hormuz essentially cut off, there's a big chunk of global trade that isn't able to move right now," Lawson said. "We estimate around 30% of exportable suppliers are not really available to the market right now, that is Saudi A...
Hong Kong authorities are facing mounting pressure from lawmakers to roll out more measures to rein in surging fuel prices, including a requirement for firms to disclose pricing formulas when bidding for petrol stations – an idea the environment minister said could be considered. Secretary for Environment and Ecology Tse Chin-wan told the Legislative Council on Wednesday that the government was op...
Hong Kong authorities are facing mounting pressure from lawmakers to roll out more measures to rein in surging fuel prices, including a requirement for firms to disclose pricing formulas when bidding for petrol stations – an idea the environment minister said could be considered. Secretary for Environment and Ecology Tse Chin-wan told the Legislative Council on Wednesday that the government was open to reviewing the current tender policy for petrol station sites to bring down soaring fuel...
Ag Growth press release ( AGGZF ): Q4 Revenue of $396M. Adjusted EBITDA: $48M (-38% YoY). Order book down 26% YOY to $543M as of December 31, 2025. Suspension of the current quarterly dividend of $0.15 per share effective immediately. Management's estimates suggest that during the first half of 2026, up to $20M of non-recurring expenses will be incurred as this restructuring is completed. More on ...
Ag Growth press release ( AGGZF ): Q4 Revenue of $396M. Adjusted EBITDA: $48M (-38% YoY). Order book down 26% YOY to $543M as of December 31, 2025. Suspension of the current quarterly dividend of $0.15 per share effective immediately. Management's estimates suggest that during the first half of 2026, up to $20M of non-recurring expenses will be incurred as this restructuring is completed. More on Ag Growth International Ag Growth International Inc. (AFN:CA) Q3 2025 Earnings Call Transcript Historical earnings data for Ag Growth International Dividend scorecard for Ag Growth International Financial information for Ag Growth International
Tuesday’s choppy trading session marked the latest twist for markets that in recent weeks have been almost singularly focused on the price of oil. “The longer oil stays higher, it’s almost like an automatic governor on the economy,” said David Lundgren, a portfolio manager and chief market strategist at Little Harbor Advisors. An oil-price crisis “is going to be a stagflationary shock to the econo...
Tuesday’s choppy trading session marked the latest twist for markets that in recent weeks have been almost singularly focused on the price of oil. “The longer oil stays higher, it’s almost like an automatic governor on the economy,” said David Lundgren, a portfolio manager and chief market strategist at Little Harbor Advisors. An oil-price crisis “is going to be a stagflationary shock to the economy,” Qian Wang, the global head of capital-market research at Vanguard, said of the effects of slow growth and elevated inflation.
(Bloomberg) -- Meta Platforms Inc.’s rollout of new display-equipped Ray-Ban smart glasses in the European Union has been hampered by battery and artificial intelligence regulations in addition to supply constraints. The social networking giant wants to launch the product in the EU with partner EssilorLuxottica SA, but has been unable to secure enough supply, according to a person with knowledge o...
(Bloomberg) -- Meta Platforms Inc.’s rollout of new display-equipped Ray-Ban smart glasses in the European Union has been hampered by battery and artificial intelligence regulations in addition to supply constraints. The social networking giant wants to launch the product in the EU with partner EssilorLuxottica SA, but has been unable to secure enough supply, according to a person with knowledge of the situation. Other factors in the delayed EU launch include local regulations governing AI featu