The president of the Illinois Fertilizer and Chemical Association says ongoing conflicts in the Middle East and Eastern Europe affect global fertilizer markets differently.
KJ Johnson tells Brownfield the Israeli war is expected to have minimal impacts, while Russia continues to control a large percent of the natural gas market.
“If that conflict picks back up or we put sanctions on Russia, on natural gas, that’s going to have a direct effect on what happens to the nitrogen market.”
Johnson says the fertilizer market has leveled out since the beginning of the Russia/Ukraine war, but the slightest change could mean a return to price volatility.
“If you had told me this would happen with Israel a month ago, we wouldn’t have predicted that.
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