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‘It all depends on the crop’: Gulf crisis hits South Asia farmers

‘It all depends on the crop’: Gulf crisis hits South Asia farmers

Summary

Farmers in South Asia are facing challenges due to a conflict affecting the Strait of Hormuz, a key shipping route. This route is important for transporting oil and natural gas, which are needed for making fertilizers. The conflict has made fertilizers more expensive and harder to find, impacting farming and daily life in the region.

Key Facts

  • The conflict involves the United States and Israel against Iran.
  • The Strait of Hormuz is a critical route for oil and natural gas transport.
  • About one-fifth of the world's oil passes through the Strait of Hormuz.
  • The disruption affects the supply of fertilizers necessary for farming.
  • South Asia relies heavily on fertilizers for growing staple crops like wheat and rice.
  • Nearly half of India's workforce is employed in agriculture, relying on fertilizers.
  • The agriculture sector in India is valued at about $400 billion.
  • Fertilizer shortages can lead to lower crop yields and higher food prices.

Source Information