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The World Economic Forum reports that the Ukraine war has sharply reduced global fertilizer supplies, as sanctions and insurance concerns slowed Russian and Belarusian deliveries. It warns of a lagged price spike hitting food production in 2023.
Reduced fertilizer availability from Russia and Belarus tightens nutrient supply and supports prices, with knock-on effects on future grain and feed output.
weforum.orgDouglas BroomMar 1, 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.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% over 20.
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.
