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Friday, October 16, 2026

Hormuz disruption now hitting harvests, UN farm agency says

Commodities Thursday, October 15, 2026 · Updated Oct 15, 2026 18:43

Disrupted fertilizer and fuel shipments through the Strait of Hormuz are now cutting into harvests, with agricultural prices up 13 percent in the third quarter, the head of the UN farm development agency said.

Why it matters: If farmers keep cutting fertilizer use and planting more cautiously, food price pressure extends into early 2027 for countries that import fertilizer, fuel and food.

Data as of Reuters interview with IFAD President Alvaro Lario in Bangkok, published by Arab News on October 15, 2026; single-sourced in this run, so graded C.

The pass-through from the disruption to shipping through the Strait of Hormuz is now showing up in agricultural harvests, International Fund for Agricultural Development President Alvaro Lario told Reuters in Bangkok on Thursday. Disrupted fertilizer shipments and higher fuel and transport costs have led to more cautious planting and reduced fertilizer use, and agricultural commodity prices rose 13 percent in the third quarter, with further increases expected in the fourth quarter and early next year. Countries reliant on imported fertilizer, fuel and food are most exposed, Lario said, pointing to Southeast Asia’s fuel dependence and the Gulf region’s reliance on food imports.

Sources

  1. Hormuz shipping disruption is starting to hit harvests, UN agency says · Arab News (Reuters) · 2026-10-15