A global economist says as a pair of Eastern European Seaports remain closed, and the U.S. will likely need to find other sources to import fertilizer.
Sam Taylor with RaboBank tells Brownfield Nigeria and Iran are two options. “There is also that kind of question that surrounds the Iranian embargo. They are significant urea producers. I think in the last couple of years they have been running significantly below nameplate capacity.”
He says Belarus exports 20 percent of the world’s potash supply with 7 percent coming to North America and those exports in the Baltic Sea have stalled since Russia’s invasion into Ukraine.
