WTO: Gulf tensions expose Kenya to higher fertilizer costs
NAIROBI, Kenya, July 16 – Rising geopolitical tensions in the Gulf could push up fertilizer prices in Kenya and increase production costs for farmers, with the World Trade Organization (WTO)…..
✨ Key Highlights
Rising geopolitical tensions in the Gulf could lead to higher fertilizer costs for Kenyan farmers, according to the World Trade Organization (WTO).
- Kenya is identified as one of the most vulnerable import-dependent economies due to its heavy reliance on nitrogen fertilizers from Gulf producers.
- The WTO estimates that export restrictions during recent conflicts affected up to 15 percent of global fertilizer trade, with a potential rise to 23.3 percent if trade through the Strait of Hormuz is disrupted.
- This situation poses risks to food security and could fuel food inflation in Kenya, which is still recovering from previous fertilizer price shocks.
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