Russia has extended fertilizer export quotas until December as a global deficit deepens due to the Iran war and disruptions in the Strait of Hormuz, a key route for the seaborne trade in nutrients. The decision comes as agricultural markets face mounting pressure from supply chain disruptions and geopolitical tensions.

The Strait of Hormuz, through which a significant portion of global fertilizer shipments pass, has become increasingly volatile amid regional conflicts. This has created bottlenecks in the fertilizer supply chain, affecting farmers and food production worldwide. The export caps are intended to stabilize domestic markets but may exacerbate global shortages.

With fertilizer prices already elevated, the extended quotas could push costs higher for farmers already grappling with inflation and supply constraints. The move underscores how geopolitical events continue to ripple through global agricultural markets, potentially affecting food security and crop yields in the coming months.