Crippled ammonia trade flows as a result of the war in Ukraine are placing further strain on the fertiliser supply chain and are expected to cause prices to skyrocket further.
There had already been a number of major events in the ammonia market since the start of 2021 that came with ‘significant and sustained’ prices increases. A loss of capacity from Trinidad since February and the ongoing war in Ukraine has compounded an already tight market.
Questions will remain over the security of the traditional CO2 (carbon dioxide) supply chain in Europe and the UK in particular as a result, explained Fertiliser Week’s Jennifer Willis-Jones.
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