The world fertilizer market continues its frenzy as supply chain, geopolitical and market uncertainty looms. Fertilizer shipped from Russia is a delicacy in areas like Malawi, a country facing acute food insecurity. Besides the humanitarian aspects, the reality is most countries rely on a small number of other countries for most or all fertilizer needs.
As Russia tightens its relationships with Belarus and China, a red flag is sent to the U.S. and other countries that fertilizer independence is key for avoiding agricultural or food crises. The spike in prices retains its hold on the fertilizer market, though tempered recently just in time for U.S. spring fieldwork.
Read more on the geopolitical turmoil influencing world fertilizer supply and transportation here.
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