Fertilizer Stocks Jump With Israel Conflict Stoking Supply Concerns
Israel’s Port of Ashdod, just north of Gaza and a key hub for the country’s potash fertilizer exports, is in emergency mode amid the deadly conflict.
Photographer: Planet One Images/UCG/Universal Images Group/Getty Images
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Fertilizer makers jumped after Hamas’ surprise attack on Israel raised concerns over how the conflict could impact global supplies of nutrients used to grow crucial food crops.
Israel’s Port of Ashdod, just north of Gaza and a key hub for the country’s potash fertilizer exports, is in emergency mode amid the deadly conflict. That’s putting as much as 3% of global potash supply at possible risk, Ben Isaacson, a Scotiabank analyst, said in a note Monday.