WANDILE SIHLOBO: Fertiliser prices will soar if sanctions restrict Russian exports
SA is not a large importer from Russia but will suffer knock-on pressure from the international market
01 March 2022 - 15:42
Much of the commentary from the agricultural perspective has focused on how the global agricultural market will be directly affected by the Russia-Ukraine war through price volatility and a supply crunch in grains and oilseeds. Still, there is a lot to be said about the fertiliser market too.
According to data from Trade Map, Russia is the world’s leading exporter of fertiliser materials in value terms, followed by China, Canada, the US, Morocco and Belarus. These fertiliser mixtures include minerals or chemicals, nitrogenous fertilisers, phosphoric fertilisers and potassic fertilisers...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.