Russia Halts Ammonium Nitrate Exports, Impacting Global Supply

Russia has announced a temporary suspension of ammonium nitrate exports, a move that is expected to further constrain the global supply of this crucial crop nutrient. Bloomberg posted on X, highlighting the potential implications for agricultural markets worldwide. The decision comes amid ongoing disruptions in the supply chain, which have already led to increased prices for fertilizers. This suspension is likely to exacerbate the situation, affecting farmers and agricultural producers who rely on ammonium nitrate for crop production. The global agricultural sector is closely monitoring the situation as it seeks alternative sources to mitigate the impact of this supply disruption.