- Russia’s invasion of Ukraine has implications for global fertiliser market.
- It’s the fourth-largest fertiliser producer in the world.
- Tighter agricultural input supply from war comes on top of hit to food supply.
Russian Sanctions Could Jeopardise Fertiliser Access
- The Americas and Europe are highly exposed to Russian fertiliser trade flows.
- Brazil sources about 9.8m tonnes of fertiliser each year from Russia, accounting for about a quarter of its total fertiliser imports.
- If Black Sea trade remains disrupted, the Americas may struggle to source Russian fertiliser or may face significant delays from diverted freight cargoes.
- China is less likely to face volatility with its neutrality during the conflict and large border with Russia.
- Collectively, Europe sources large amounts of fertiliser from Russia, leaving it exposed.
Other Insights That May Be of Interest…