A fertilizer ministry spokesperson didn’t immediately reply to an email seeking comment outside of business hours. The Strait of Hormuz is a major conduit for fertilizer trade and its near-closure since the outbreak of the war has sent global costs soaring. India paid $935 to $959 per ton to procure supply in April, close to double pre-war levels. However, costs in some markets have now begun to ease. That’s partly driven by weakening demand as farmers grapple with lackluster grain prices.