The Russia-Ukraine war after a year: Impacts on fertilizer production, prices, and trade flows
- Impact Area
by Charlotte Hebebrand and Joseph Glauber
OPEN ACCESS | CC-BY-4.0
Russia’s 2022 invasion of Ukraine triggered global disruptions in markets for key food crops and fertilizers, threatening food security worldwide. With the war now entering its second year, high international food prices have moderated, though domestic price levels remain high in many low- and mid-income countries. Here, we turn to global fertilizer markets, examining how they weathered the past year and the likely impacts going forward for agricultural production and food security.
The good news is that fertilizer prices, while still high, have fallen significantly from their 2022 peaks (Figure 1). As with the global trade in food crops, that rise and fall is a complex story of shifting supplies and trade linkages.