After the escalation of the conflict between Russia and Ukraine, the global price of chemical fertilizer soared, which also caught crop growers unprepared and had to pay higher costs for crop planting plans. Affected by the conflict between Russia and Ukraine, the price of potash fertilizer in Brazil reached an all-time high.

Nearly 70% of farmers in South America have not purchased the fertilizer needed this year

The conflict between Russia and Ukraine has seriously impacted Brazil, which mainly depends on the import of chemical fertilizer from these two countries. The price of potash fertilizer in Brazil soared from $300 per ton in February 2021 to a record high of $1100 per ton on March 23.