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Relentless Fertilizer Rally Means No Relief for Farmer, Consumer

Fertilizer prices continue to surge to records as Russia’s invasion of Ukraine puts a massive portion of the world’s fertilizer supply at risk, adding to concerns over soaring global food inflation.

The Green Markets North America Fertilizer Price Index jumped almost 10% Friday to an all-time high as the market worries that potential sanctions on Russia, a big low-cost shipper of every major kind of crop nutrient, could disrupt global trade. The country accounted for almost a fifth of 2021 fertilizer exports, according to Trade Data Monitor and Bloomberg’s Green Markets