Volatility in the Short Term

A Picture says 1000 Words. Great Infographic. Short-term volatility for sure.

Thailand will be affected. In 2024, fertilizers imported from the Persian Gulf:

• 1.3m tons from Saudi Arabia

• 414k tons from Oman/Iran

• 238k tons from Qatar

• 80k tons from Bahrain

and from the Red Sea:

• 111k tons from Jordan

• 97k tons from Israel

and corresponding ripple effects:

• Higher sulphur and ammonia costs

• Higher freight costs and supply chain disruptions

• Higher prices across product lines and origins

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