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Strongest 'Firefighting Team' Assembles! Joint Statement by IEA, IMF, and World Bank: Coordinated Response to Mitigate Impact of US-Iran Conflict
① The heads of the International Energy Agency (IEA), the International Monetary Fund (IMF), and the World Bank stated on Wednesday that they will establish a coordination group to maximize their response to the significant economic and energy impacts brought about by the war in the Middle East; ② These three global institutions noted in a joint statement that the conflict has caused severe instability in the region and triggered one of the most severe supply shortages in the history of global energy markets.
Ko Yo Chemical Details Loan Restructuring Progress and Project Moves Amid Going-concern Focus
Jiuyuan Chemical (00827.HK) reported an expanded full-year loss of 747 million RMB.
Jiu Yuan Chemical (00827.HK) announced its fiscal year 2025 results, reporting revenue of RMB 2.162 billion (hereinafter the same), a year-on-year decrease of 16.8%. The loss widened to RMB 747 million, compared with a loss of RMB 505 million in the previous year; the loss per share was RMB 0.1213. No dividend will be distributed.
KO YO GROUP: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2025
Economists warn: Rapid impact of Middle East conflict on fertilizer supply chains poses risk of rising global food prices.
① The conflict involving the United States, Israel, and Iran has triggered a global shock to the flow of commodities, leading to a surge in natural gas prices and tightening fertilizer supplies, placing pressure on farmers worldwide; ② In the worst-case scenario, this implies reduced yields or even crop failures in the next season; in the best-case scenario, higher input costs will also be reflected in food prices next year.
Fertilizer supplies hit hard again as Russia suspends ammonium nitrate exports for a month.
① In the first half of March, traffic through the Strait of Hormuz was disrupted, causing a global shortage in the supply of energy and fertilizer commodities; ② On Tuesday, Russia announced that, in order to secure domestic supplies for the spring planting season, it would suspend ammonium nitrate exports for one month until April 21; ③ Russia controls 40% of global ammonium nitrate trade, while the Strait of Hormuz transports 24% of global ammonia. These supply disruptions could have a significant impact on planting activities in the Northern Hemisphere.