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The FAO reports that global fertilizer trade reached $81 billion as record 2025 output of urea and potash failed to ease pressure. Energy price swings, Strait of Hormuz disruptions and export restrictions are reshaping supply chains ahead of the next crop season.
Persistent logistics and energy risks keep nitrogen and potash supply tight, which supports fertilizer prices and raises input costs for feed grain producers.
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.