The Iran war declared war on your grocery bill.
Iran struck Qatar’s Ras Laffan facility this month and that’s the world’s largest LNG complex. Repairs will take three to five years and about 20% of all global LNG exports came from that one chokepoint.Qatar supplies 44% of India’s LNG and India runs 32 ammonia-urea fertilizer plants. Every single one of them runs on gas, when the gas stopped, the plants started closing. Dozens of fertilizer plants across India, Pakistan, and Bangladesh went dark in March 2026.The Financial Times mapped them all, the map looks like a blackout.Here is why that matters for food, India is the world’s second-largest sugar producer. Sugarcane farming requires heavy fertilizer inputs and India’s planting season peaks in June but the fertilizer is not there.India’s sugar output was already being revised down before this crisis hit from 31 million tons to somewhere between 28.5 and 29 million tons due to poor harvests and now add a fertilizer collapse on top of that.Fertilizer prices are already up 40% globally since the war began and one-third of all the world’s traded fertilizer moves through the Strait of Hormuz.Bank of America warned the conflict could affect 65 to 70 percent of global urea supplies. The World Bank’s food price index already jumped 2.1% in February alone.The people who will feel this first are not in New York or London, they are subsistence farmers in India, Bangladesh, and Pakistan who cannot afford fertilizer at any price and the 800 million people who depend on South Asian food production to eat.Source: StockMarket.News
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