Fertilizer trade spikes overnight as Russia invades Ukraine

The global fertilizer market is reacting to Russia’s invasion on Ukraine in a big way.

“It has been intense.”

Josh Linville, Director of Fertilizer for StoneX tells Brownfield Russia is a major exporter of nitrogen, potassium, and phosphorus fertilizers and because of that, “Out of the chutes we have seen global urea prices up over $200 a ton overnight. NOLA US prices are up $150-$200 per ton. The price of urea has jumped 32%-33% in less than 12 hours.”

He says global supply and demand has not changed as a result of the attack yet, so right now the market is operating on fear.

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