Fertilizer prices are surging, hitting key agricultural economies as urea and phosphate become harder and costlier to source. Major exporters are curbing sales to manage shortages and earnings, while importing countries hunt for alternative supplies, raising the risk of a wider food crisis if the imbalance persists.
India is set to purchase 2.5 million tons of urea fertilizer at rates nearly 90% higher than before the Middle East conflict, with global supplies tightening under geopolitical pressure. Indian Potash Ltd. will source the shipment just ahead of monsoon crop sowing, in a move aimed at preventing fertilizer shortages during the critical planting season.
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