Industry consultant Mike Rahm says China is one of the biggest hurdles for the fertilizer supply. China is one of the world’s largest exporters of finished phosphate products. “In 2021, China exported about 10 million tons of products and the government restricted the amount of phosphate exported. As a consequence, they’ll probably export 5.5 million tons this year. That’s been a shock in the market.” For potash, the concern is Belarus. “With the sanctions imposed, Lithuania has not allowed Belarus to move potash through their country.” Hear the story.
