Fertilizer shortage exacerbated by Ukraine war threatens global food supply.
Russia (biggest exporter with around 20 % market share) halts all fertilizer exports
Simultaneously energy price hikes further inhibits other fertilizer producers from filling the gap
Russia and Ukraine together are the worlds largest producers of key food commodities:
29% of the global wheat export market
80% of the global sunflower oil exports
A significant part of many other food commodities
Other countries can not fill the gap because of the fertilizer shortages driven by energy price hikes
We are facing a global food crisis.
Fertilizer Price Soars
Fertilizer prices climb to a fresh record as sales from Russia (one of the world's top producers) are disrupted, and super-expensive natural gas in Europe curtails output. The chart below is New Orleans urea price fro 1977 to date.