FARGO, NORTH DAKOTA (RFD News) — A new analysis from North Dakota State University is modeling how fertilizer prices could respond to potential disruptions in the Strait of Hormuz.
The study outlines three possible scenarios, including a quick reopening of shipping routes, continued contested transit, and an extended disruption through the fall.
Under the central scenario, urea prices could peak near $784 per ton by mid-2026, while DAP could rise above $860 later in the year.
Even under the most optimistic scenario, the analysis projects prices would remain above pre-crisis levels through at least 2027.
The report also notes differences between crop prices and input costs that could impact overall affordability for farmers.
