Visualizing The Global Implications Of Fertilizer Shortages
https://www.zerohedge.com/geopolitical/ ... -shortages
Urea futures traded on the Zhengzhou Commodity Exchange surged almost 50% over a seven-week period from mid-June to the end of July, but prices have fluctuated since then and are around 11% lower this week.
China is the world’s top producer and consumer of urea and any significant decline in exports threatens to tighten supplies and push up global prices.
Among the biggest export markets for the nation’s crop nutrient are India, South Korea, Myanmar and Australia.
1. Nutrien, Ltd. (NTR)
2. Mosaic Company (MOS)
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