Ukraine and Russia’s targeting of each other’s Black Sea shipping traffic could again drive up not just grain but fertilizer prices. Russia’s targeting of Black Sea commercial shipping traffic for Ukraine after pulling out of the Black Sea grain deal and Ukraine’s threat to reciprocate against Russian ships threaten more than grain.
 
Russia’s the world’s top fertilizer exporter, and its invasion of Ukraine last year aggravated already tight supplies, driving fertilizer prices to all-time highs in March. American Farm Bureau senior director of government affairs Dave Salmonsen says the latest developments only revive a bad situation.
 
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