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Iran's Missile Strike Sparks Urea Price Surge, Fertilizer Fears

3/12/2026

50 8 Full Breakdown

Summary

Story summary

A missile strike by Iran on Qatar's LNG processing facility on March 1 disrupted ammonia production.
Urea prices in Southeast Asia rose more than 40%, reaching over US$700 per tonne for April and May shipments.
The Gulf region supplies about 45% of global urea exports, intensifying potential fertilizer shortages.
The strike's disruption could affect fertilizer production and food prices, including rice in Bangladesh.

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Story summary

A missile strike by Iran on Qatar's LNG processing facility on March 1 disrupted ammonia production.
Urea prices in Southeast Asia rose more than 40%, reaching over US$700 per tonne for April and May shipments.
The Gulf region supplies about 45% of global urea exports, intensifying potential fertilizer shortages.
The strike's disruption could affect fertilizer production and food prices, including rice in Bangladesh.