Why are fertilizer makers CF Industries and Nutrien reporting大幅 earnings increases, and what role did the Iran conflict play?

CF Industries and Nutrien reported nearly 20% jumps in sales for the latest quarter due to higher prices for nitrogen fertilizers, driven by supply chain disruptions from the Iran conflict—particularly the closure of the Strait of Hormuz, a key passageway for nitrogen-based nutrients. As stated by CF Industries CEO Chris Bohn, the conflict 'further constrained global nitrogen supply and exposed the fragile nature of the global nitrogen supply chain,' while Bloomberg Intelligence analyst Alexis Maxwell noted that nitrogen is non-deferrable for farmers, leading to sustained demand despite price spikes.

How have nitrogen fertilizer prices changed since the start of the Iran conflict, and where are the largest increases observed?

Granular urea prices in New Orleans are up about 36% since the conflict began in late February, while prices in Egypt have jumped more than 70%, according to Bloomberg Green Markets data as of May 1—reflecting severe regional disparities tied to disrupted shipping routes and localized supply shortages.

Fertilizer Makers See Earnings Windfall as War Disrupts Supplies

May 6, 2026

CF Industries and Nutrien reported nearly 20% sales jumps as the Iran war disrupted global nitrogen supply chains, driving fertilizer prices up significantly while US producers benefited from stable natural gas costs.

bloomberg

2026-05-06

Fertilizer Makers See Earnings Windfall as War Disrupts Supplies

Fertilizer Makers See Earnings Windfall as War Disrupts Supplies

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