Smaller harvests loom from Argentina to Indonesia as the Russia-Ukraine war cuts global fertilizer supplies. “It’s like a scary movie,” a farmer says.
In his nine years selling fertilizer to corn and rice farmers in West Africa, Malick Niang says he has never seen such a severe supply crunch—or such high prices., shipping companies have avoided docking at St. Petersburg, Russia, to collect goods, Mr. Niang said.
That, together with the impact of the West’s financial sanctions against Moscow, means fertilizer exports from Russia—the world’s largest producer—have fallen sharply. Mr. Niang contacted sellers elsewhere, such as in Senegal and Morocco, but was told their order books are full until the end of the year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Seven years into Yemen quagmire, Saudis play oil hardballWestern powers want Saudi Arabia to pump more oil to ease surging prices driven by the Ukraine war, but the kingdom has its own demand: support for its war in Yemen.
Read more »
Russia's Ukraine War Boosts Food Prices in U.S., Vexing Farmers About Planting MoreWheat farmers face a tough decision: Should they plant more crop not knowing whether prices will hold up?
Read more »
Asian shares struggle, oil edges lower as Ukraine worries lingerAsian shares were volatile on Thursday and oil prices turned lower as the latest developments in the Ukraine war and more hawkish comments from U.S. Federal Reserve officials left investors uneasy.
Read more »
Biden warns of global food shortages as Russia-Ukraine war upends wheat suppliesRussia and Ukraine jointly supply about a fourth of the world’s wheat exports.
Read more »
Fertilizer prices are soaring as Russia continues its invasion of UkraineFertilizer prices are soaring as Russia continues its invasion of Ukraine — and food prices could be next.
Read more »