Fertilizer stocks climbs as Middle East conflict disrupts supply

Nutrien

12/03/2026 09:21

** Fertilizer stocks rise premarket as Middle East war escalated after Iranian boats appear to have attacked two fuel tankers in Iraqi waters

** Mosaic MOS.N gains 4.6%, CF Industries CF.N adds 3.2% and U.S.-listed shares of Nutrien NTR.N rise 3%

** Many fertilizers are shipped through Strait of Hormuz, including a third of the world’s urea exports, Yardeni Research says

** Price of urea, major component in some fertilizers, has soared by $120 per ton to $591.75 per ton before start of the war, per Trading Economics

** Additionally, Qatar Energy has had to stop production, open new tab at world's largest single-site urea plant, as it lost its source of natural ​gas feedstock after company shut down gas output due to attacks on its LNG facilities

** If jump in fertilizer prices lasts longer than expected, analysts will have to scramble to revise earnings estimates upward - Yardeni Research

** S&P 500 Fertilizers & Agricultural Chemicals .SPLRCCHFA up nearly 25% YTD versus 9% rise in S&P 500 materials index .SPLRCM

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