Americans are about to get a crash course in the global economy: Higher prices are coming for pineapples, plastic, chocolate and berries

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SaefongSat, March 21, 2026 at 1:30 PM GMT+1 7 min read“All of these cost increases could not have come at a worse time for the agricultural industry” a Tennessee farmer said. - MarketWatch photo illustration/iStockphotoTennessee farmer Todd Littleton is thousands of miles from the Strait of Hormuz, but he’s seeing the early fallout from the shipping lane’s effective closure as fighting continues in and around Iran.The turmoil couldn’t have come at a worse time, as planting season starts. Littleton has 4,000 acres for corn C00, wheat W00 and soybeans S00. Now he’s facing an unplanned $50-per-acre increase in the cost of nitrogen, a critical fertilizer, for his corn crop. Diesel fuel is up 50 cents a gallon, he said, and the natural gas NG00 used to heat the Gibson County farmer’s poultry houses is more expensive too.The first major stock index just fell into correction territory. Will others follow?‘We’re living the simple life’: I was a fisherman and my wife was a nurse. We retired with $6 million. Here’s how we did it.Chuck Norris never dies: How a meme made the actor a cultural icon and multimillion-dollar brand“To put it in perspective, the increases in fertilizer and fuel costs means it will cost me an additional $100,000 to plant corn this year,” Littleton said.It will be difficult for Littleton to fully absorb those costs, he said, noting that “net losses have been at record levels across farm country during the last three years.”“All of these cost increases could not have come at a worse time for the agricultural industry,” he told MarketWatch. “We love to do what we do on farms — keeping people fed, clothed and moving. But we have to be able to make ends meet so we can keep operating.”Americans are about to get a crash course in the global economy — and it’s not just about oil supply. Rising costs for fertilizer, feed, packaging and shipping are going to seep into the prices that people see on grocery shelves, experts say.The price of oil is catching a lot of attention from investors and everyday drivers. Indeed, a gallon of gas costs $1 per gallon more than it did last month. On Friday, Brent crude oil for May delivery BRN00 BRNK26 traded at over $110 a barrel.Yet fertilizer is the “deeper story,” as around one-third of globally traded fertilizer typically moves through the Strait of Hormuz, said Jake Hanley, chief growth officer and director of investments at Teucrium.The Persian Gulf “isn’t just an oil region,” he said. “It’s the nitrogen supply chain.”Nitrogen is essential for plant growth. Middle East urea, a widely used nitrogen fertilizer, has climbed over 50% in value since the start of the year, according to Josh Linville, vice president of fertilizer at financial-services company StoneX.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 68,617.61 -2,132.30 (-3.01%)ETH-USD Ethereum USD 2,074.45 -81.35 (-3.77%)XRP-USD XRP USD 1.40 -0.04 (-2.92%)BTC-CAD Bitcoin CAD 94,222.27 -2,927.98 (-3.01%)SOL-USD Solana USD 87.24 -2.79 (-3.10%)PortfolioSign in to access your portfolioSign inTop gainersPL Planet Labs PBC 33.83 +6.87 (+25.48%)PSNYW Polestar Automotive Holding UK PLC 5.25 +0.88 (+20.14%)YSS York Space Systems, Inc. 21.07 +3.39 (+19.17%)LBTYB Liberty Global Ltd. 14.17 +2.03 (+16.72%)SEDG SolarEdge Technologies, Inc. 51.73 +6.07 (+13.29%)Top losersSMCI Super Micro Computer, Inc. 20.53 -10.26 (-33.32%)AAOI Applied Optoelectronics, Inc. 87.54 -14.38 (-14.11%)VICR Vicor Corporation 164.54 -25.59 (-13.46%)VST Vistra Corp. 146.02 -21.12 (-12.64%)FLOC Flowco Holdings Inc. 21.69 -2.76 (-11.29%)Most activeCMCSA Comcast Corporation 29.02 +0.04 (+0.14%)SMCI Super Micro Computer, Inc. 20.53 -10.26 (-33.32%)NVDA NVIDIA Corporation 172.70 -5.86 (-3.28%)RITM Rithm Capital Corp. 8.77 -0.26 (-2.88%)PLUG Plug Power Inc. 2.2300 -0.1700 (-7.08%)Top economic eventsEarnings eventsMy earnings eventsEarnings events