# The Russia-Ukraine War’s Impact on Global Fertilizer Markets - Rabobank

> Rabobank analysis says the Russia-Ukraine war will not immediately raise food prices, but Latin America is exposed through potash supply. Russia and Belarus provide about 40% of world potash output and exports, and Brazil's 2023 soybean crop could be the first hit.

- Date: 2022-04-05 · published 2022-04-05T12:00:00.000Z
- Category: geopolitics · region Latin America · magnitude medium
- Page: https://feedsoft.ai/events/41765-the-russia-ukraine-war-s-impact-on-global-fertilizer-markets-rabobank
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Potash shortages threaten Brazilian soybean yields in 2023, which could tighten soybean meal supply and support protein prices later.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- POTASH: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-02-28 | [Impact Of Russia-Ukraine War On Amino Acid Market-reachever.com](https://feedsoft.ai/events/43034-impact-of-russia-ukraine-war-on-amino-acid-market-reachever-com.md) | +5.4% | +7.5% |
| SOY | 2023-07-17 | [Russia-Ukraine grain deal: What does it mean for global food prices](https://feedsoft.ai/events/35104-russia-ukraine-grain-deal-what-does-it-mean-for-global-food-prices.md) | +0.4% | -6.3% |
| SOY | 2022-03-09 | [USDA Factors Russia-Ukraine War in Latest WASDE Report](https://feedsoft.ai/events/13738-usda-factors-russia-ukraine-war-in-latest-wasde-report.md) | -2.7% | -4.3% |
| SOY | 2022-02-22 | [Grains, soybeans rally on fear of Russia-Ukraine conflict, surging oil \| Reuters](https://feedsoft.ai/events/8756-grains-soybeans-rally-on-fear-of-russia-ukraine-conflict-surging-oil-reuters.md) | +2.7% | +5.6% |
| SOY | 2022-03-21 | [U.S. wheat, corn, soy rally on concerns about Ukraine-Russia fighting \| Financial Post](https://feedsoft.ai/events/6241-u-s-wheat-corn-soy-rally-on-concerns-about-ukraine-russia-fighting-financial.md) | +2.5% | +2.8% |
| SBM | 2022-02-28 | [Impact Of Russia-Ukraine War On Amino Acid Market-reachever.com](https://feedsoft.ai/events/43034-impact-of-russia-ukraine-war-on-amino-acid-market-reachever-com.md) | +4.2% | +9.0% |
| SBM | 2022-03-29 | [War in Ukraine impacts sunflower market](https://feedsoft.ai/events/42390-war-in-ukraine-impacts-sunflower-market.md) | -4.4% | -6.6% |
| SBM | 2022-02-25 | [Canadian farmers face volatility as war in Ukraine creates swings in global market for grains, oilseeds \| Financial Post](https://feedsoft.ai/events/9677-canadian-farmers-face-volatility-as-war-in-ukraine-creates-swings-in-global.md) | -0.1% | +5.6% |

## Sources

- hortidaily.com: https://www.hortidaily.com/article/9416384/the-russia-ukraine-war-s-impact-on-global-fertilizer-markets/
- rabobank.com: https://www.rabobank.com/knowledge/q011329346-the-russia-ukraine-wars-impact-on-global-fertilizer-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.