Reported from the source

Quick summary: Fertilizer prices are soaring due to the attack on Iran and the closure of the Strait of Hormuz, prompting warnings from experts about a global agricultural crisis, which is also affecting Austria.

Paul Feichtinger, a farmer from Upper Austria’s Innviertel region, is switching from growing corn to soybeans this year. This change is timely because soybeans do not require nitrogen fertilizer, which has seen a sudden price increase. The surge in fertilizer prices is attributed to the attack by the USA and Israel on Iran and the subsequent closure of the Strait of Hormuz. Experts are cautioning that these developments could lead to a crisis for agriculture worldwide, with Austria also feeling the pressure.

Source: www.derstandard.at