Industrial Sulfur Shortage Drives Global Food Price Increase
A scarcity of industrial sulfur, exacerbated by competition between fertilizer producers and mining companies, is threatening to raise food prices worldwide. The shortage is partly due to the closure of the Strait of Hormuz, which previously handled about half of the world's sulfur volume. Prices have surged from $100-$200 to $1000 per tonne, and China's ban on sulfuric acid exports is further compounding the issue. This could lead to shortages of phosphate fertilizers and ultimately impact consumers.5 sourcesSee all sources
