Global Fertilizer Market Challenged by Russia’s Invasion of Ukraine

Jennifer Kee, Lila Cardell and Yacob Abrehe Zereyesus

Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, vol. 2023

Abstract: When Russia invaded Ukraine in February 2022, fertilizer prices already were on the rise. The Coronavirus (COVID-19) pandemic, with its ensuing supply chain disruptions and transportation bottlenecks, had challenged the world’s ability to produce and deliver fertilizer. In August 2021, most fertilizer prices were 25 percent above those in March 2021. The Russian invasion in early 2022 led to additional transportation interruptions in the Black Sea region and enactment of new trade restrictions. That curtailed already short fertilizer supplies, driving up prices over 50 percent from February to April 2022.

Keywords: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade; Marketing; Public Economics; Risk and Uncertainty (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/338932/files/G ... n%20of%20Ukraine.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:338932

DOI: 10.22004/ag.econ.338932

Access Statistics for this article

More articles in Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().