The report highlights the impact of Russia's invasion of Ukraine on fertilizer prices, leading to increased prices and market interventions. The report suggests that supply and demand are muddled by the war and market interventions, with high fertilizer prices in Ukraine leading to decreased demand in other countries. The report also notes that market interventions such as price caps and subsidies are expected to continue in the short term, with the potential for prices to decline as the market stabilizes. The report concludes that the situation is uncertain and that further analysis is needed to determine the long-term impact of the war on fertilizer prices.
