Fertilizer Firms See Profit Windfall as War Upends Supplies
A tractor drips nitrogen fertilizer onto rows of romaine lettuce at a farm near Gonzales, California, in April.
Photographer: Nic Coury/BloombergFertilizer makers are seeing a windfall from Iran’s war, highlighting the impact of the conflict’s upheaval on supply chains for the key crop nutrients.
CF Industries Holdings Inc. and Nutrien Ltd. each reported nearly 20% jumps in sales for the latest quarter as they benefited from higher prices for nitrogen fertilizers, which are applied across US corn and soy fields to support crop yields.