Russia’s invasion of Ukraine continues to wreak havoc on global markets, but an economist with RaboReserach says seasonality could help limit volatility on some fertilizer prices.
Farm inputs analyst Sam Taylor the markets have actually been relatively stoic over the last couple of weeks. “You have seen price movement ranging from down in the Chinese market to up about 17 to 20 percent for other macronutrients in different benchmarks,” he says.
However, Taylor says supply disruptions create additional challenges as the pipeline that sends Russian ammonia through eastern Ukraine and onto the Black Sea for export has been cut off.
