By: Alberto Persona
Associate Director – Fertilizer Analytics
Fertecon | S&P Global Commodity Insights
April 25, 2025 — 1pm MT

Since 2020, the fertilizer industry has been affected by a rather interesting phenomenon: after decades relegated to the realm of niche industries, suddenly even mass media started offering some commentary on it. Spikes in energy prices, geo-political tensions involving (but not exclusive to) Russia and Belarus, resource nationalisms, carbon markets, CBAM, tariffs and counter-tariffs…

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