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Yara's CEO said rising input costs led the company to shut fertiliser production in Italy and France. The war in Ukraine, a major potash and wheat exporter, added to global scarcity during the crisis.
Plant closures and war-related supply losses tightened global fertiliser availability, which supported high nutrient prices. This shows how geopolitical supply shocks feed through to feed-grain input costs.
reuters.comFeb 8, 2023After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
