Nitrogen Fertilizer Prices Spike After Russian Attack on Ukraine
Fertilizer granules at a storage warehouse in Cherepovets, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Fertilizer prices are skyrocketing on concerns that Russia’s invasion of Ukraine will curtail global supplies.
Prices for the popular nitrogen fertilizer urea in New Orleans surged Thursday to $700 per short ton versus $560 earlier in the week, a 25% jump, according to Bloomberg’s Green Markets.