US government seeks fertilizers from Venezuela and Morocco.

The government of The United States is seeking new sources of fertilizersincluding Venezuela and Morocco, given the logistical constraints caused by war in the Middle EastThe information was confirmed this Tuesday (17) by White House economic advisor Kevin Hassett, in an interview with CNBCAccording to him, the strategy works as a “insurance policy" to reduce the impacts of the crisis on American farmers. "We granted licenses for Venezuela to produce more fertilizers and we had conversations with Morocco," Hassett stated. "We can't completely eliminate the disruptions, but we can minimize them."

War puts pressure on global supply of inputs.

The move comes amid escalating conflict between the United States, Israel, and Iran, which led to the closure of the Strait of Hormuz—one of the main global routes for transporting oil, natural gas, and fertilizers. With the partial disruption of these flows, the global supply of fertilizers, especially nitrogen fertilizers, has been reduced, causing… A sharp rise in agricultural input prices in recent weeks.Given this scenario, the US began to seek alternatives to guarantee domestic supply, including easing trade restrictions.

The European Union is considering a similar solution.

In the European Union, authorities are also discussing measures to mitigate the impacts of the crisis. The head of diplomacy for the bloc, Kaja Kallas, suggested…To explain a model of an agreement mediated by the United Nations during the war in Ukraine, which allowed Safe export of grains and fertilizers via the Black SeaAccording to her, the UN has already begun discussions to make a similar solution viable in the current geopolitical context, seeking… to guarantee the flow of food and agricultural inputs in the global market..

This text was translated by machine from Brazilian Portuguese.