Russia Jolts Global Fertilizer Market by Seeking End to Exports

[Nevilledog]

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Elizabeth Elkin
@ElizabethElkin
Russia is urging the country’s fertilizer producers to halt exports in a move that could send soaring global fertilizer prices even higher. My latest:

https://bloomberg.com/news/articles/2022-03-04/russia-calls-on-domestic-fertilizer-producers-to-halt-exports?sref=IVPsl6pg… via @bpolitics

bloomberg.com
Russia Jolts Global Fertilizer Market by Seeking End to Exports
Russia’s efforts to halt fertilizer exports by domestic producers threatens to shock the global market and push prices of crop nutrients to new records, exacerbating food inflation around the world.
11:27 AM · Mar 4, 2022

https://www.bloomberg.com/news/articles/2022-03-04/russia-calls-on-domestic-fertilizer-producers-to-halt-exports?sref=IVPsl6pg

No paywall
https://archive.ph/lNJFz

Russia’s efforts to halt fertilizer exports by domestic producers threatens to shock the global market and push prices of crop nutrients to new records, exacerbating food inflation around the world.

The Ministry of Industry and Trade urged Russian fertilizer producers cut volumes to farmers due to delivery issues with foreign logistics companies, according to a Friday statement. The country, which has been facing increasing international sanctions since invading Ukraine last week, is a major low-cost exporter of every type of crop nutrient.

“Losing Russia and their large export volumes would be a severe supply-side shock to the market,” Alexis Maxwell, an analyst for Bloomberg’s Green Markets, said in an email.

Russia’s move adds uncertainty to the global market when farmers in Brazil -- the world’s largest fertilizer importer -- are already having trouble getting nutrients for crops. The South American nation leads global exports of soybeans, coffee and sugar, so prospects of reduced availability of fertilizer and higher costs could worsen food inflation. The threat of a rail strike in Canada, the world’s top potash supplier, also raises risks of industry disruption.

*snip*

[Chainfire]

1. So, old Pouty Pooty has some sanctions of his own.

[ret5hd]

2. Funny how putin's sanctions hurt him most...

where he can afford it least…exports.

[Chainfire]

3. I think that only way open to him to export fertilizer is put in in a backpack and swim it to South

America. He can pray for good weather on the way.

[Karadeniz]

4. Good. Correct me if I'm wrong, but those fertilizers damage the ecology in the long run.

[MadameButterfly]

6. You are right

The solution is to farm sustainably, regeneratively, organically--which needs to happen anyway if we are to save the planet. This could have a positive result if we can take advantage of the opportunity. Let the fertilizer oligarchs find they aren't wanted after all this is over.

[Karadeniz]

7. Yes !!!!!

[Budi]

5. Plenty of countries to capture that market. All hands on deck.

It can be done & with a more eco friendly result
Putin can sit isolated in RU with his stagnate oil & gas & fertilizer.

[old guy]

8. Not a problem in the US.

In one day tRump and the repubs produce enough BS to fertilize all the farms in the country.

[11 Bravo]

9. No problem. Nationalize Trump and his entire family.

That's enough shit to fertilize every field the entire country.

[bluestarone]

10. Oh i get it. It's while i'm destroying Ukraine, i'll

Destroy my russian economy! OK i got it! What a BASTARD!

[roamer65]

11. Canada is the largest miner of potash.

Saskatchewan.

We are ok in North America.

Canada’s and America’s farmers are about to become very busy feeding the world.