Russian political crisis threatens further fertiliser price increases for EU farmers

Industry experts have warned farmers who haven’t already bought what they need should place orders now to ensure supply

Russia is an important global player with regard to the production and export of nitrogen and phosphate fertiliser and is a key supplier of fertiliser to Ireland.

Russian trade sanctions and political unrest have dashed hopes of fertiliser prices falling in time for Ireland’s peak grass growing season.

Russia had banned ammonium nitrate exports since the beginning of February, while gas prices have also continued to surge, causing fertiliser prices to hit unprecedented levels.