Fertilizers in the European Union rose by 13.4% in the second quarter compared with the same period last year, the most noticeable change since the fourth quarter of 2022, according to Eurostat data.

The highest price increases were recorded in Lithuania (+16.4%), Romania (+11.7%) and Latvia (+9.7%). The smallest rises were in Hungary and Portugal (+1.2% in each country), as well as in Malta (+1.5%).

Only energy resources and lubricants increased more than fertilizers – by 22%.

The resumption of conflict in the Middle East and the blockade of the Strait of Hormuz – one of the key global supply routes for not only oil, petroleum products, liquefied natural gas but also fertilizers – caused disruptions in global trade and price hikes.

BELTA