A Moroccan fertilizer firm saw record profits after the war in Ukraine sent European feedstock prices soaring. The most common fertilizers are synthesized from methane. Organic fertilizers are products that result from processes of transformation of organic waste, for example tannery waste. [Ukraine war fallout benefits one of world's biggest fertiliser ...- FT]
Fertilizer feeds the world: Crop yields would drop 50% without it, leading to global catastrophe. Most of the production relies on natural gas, prices of which spiked after Russia’s invasion of Ukraine, leading to fears of mass starvation. But while European fertilizer has indeed gone up, thanks to a two-thirds increase in feedstock prices, the Financial Times reported that Morocco’s OCP Group, which relies on homegrown phosphate reserves, has seen profits double. It’s one more way the world’s economy has found routes around the roadblocks created by Russia’s aggression.
