Japan fertilizer prices rise amid Hormuz closure
The crisis in the Strait of Hormuz has led to increased food security risks in Japan, as higher tariffs were imposed on fertilizer imports and supply chain disruptions occurred. However, so far, there have been no significant problems with local fertilizer supplies, as the Japanese government has taken measures to stockpile products and diversify import sources. Japan relies almost entirely on importing raw materials such as urea, ammonium phosphate, and potassium chloride, with the majority of its needs coming from Malaysia, China, and Canada.
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