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US Quietly Urges Russia Fertilizer Deals to Unlock Grain Trade

  • US seeks to boost supplies amid sanctions, global food crisis
  • Kremlin has made export relief a condition in grain talks
Bloomberg business news
Tracking the Fertilizer Supply Squeeze

The US government is quietly encouraging agricultural and shipping companies to buy and carry more Russian fertilizer, according to people familiar with the efforts, as sanctions fears have led to a sharp drop in supplies, fueling spiraling global food costs.

The effort is part of complex and difficult negotiations underway involving the United Nations to boost deliveries of fertilizer, grain and other farm products from Russia and Ukraine that have been disrupted by President Vladimir Putin’s invasion of his southern neighbor.