Fertilizer Production Drops Due To Middle East Conflict
Japan's helium imports from Qatar have dropped due to supply disruptions caused by ongoing war. Japan's plastic production decreased significantly in March. The decline is attributed to rising costs of oil imports from the Middle East. This industrial slowdown follows broader economic pressures in the region. The report notes that the impact of the US-Israel-Iran conflict is affecting energy prices and trade. A company expects annual growth to decrease from 1% to 0.5% because of Middle East war repercussions. Inflation is expected to shift from 1.19% to 1.18%. Yara head Svein Halseth stated that approximately 500,000 tons of nitrogen fertilizer are currently not being produced globally due to the conflict in the Middle East. This shortage has contributed to an 80% increase in costs since the start of the US and Israel war in Iran.
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Sources · 7 independent
“Japan’s Helium Imports From Qatar Drop as War Chokes Supply”
“خفض انتاج الكلاستيك في اليابان بشدة في مارس بسبب اتراب واردات النفط من الشرق الأوسط”
“the industrial sector is facing a downturn as plastic production in Japan fell sharply in March due to the costs of oil imports from the Middle East.”
“خفضت انتاج الكلاستيك في اليابان بشدة في مارس بسبب اترابي واردات النفت من الشرق الأوسط. وخفضت شركة متوقع أن تراجع النمو هذا العام من واحد في المئة إلى النصف في المئة”
“Yara's head, Svein Halsetha, set up to about half a million tons of nitrogen fertilizer was not being produced in the world right now because of the situation in the Middle East.”
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