The CEO of one of the world's biggest fertilizer companies says there will be a food crisis because of the war in Ukraine and the question is just 'how large' it will be
The loss of Russian fertilizer supply is expected to cause severe strain to the supply of crop nutrient, which was already under pressure before the war as European fertilizer producers cut output due to high gas prices and as freight rates soared, according to"Replacing their volumes would
take nearly half a decade at the very best, and in some cases prove nearly impossible as Russia is a large source of mineral deposits found in few other global locations," Alexis Maxwell, an analyst for Bloomberg's Green Markets, said on March 5, per the media outlet.Subscribe to push notifications
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