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Global fertilizer markets are on edge. With 169 million tonnes traded in 2024, supplies face strain from China’s export cuts, Red Sea bottlenecks, and the EU’s new 100% tariffs on Russian fertilizers.

In 2022, the EU saw a sharp 10.3% reduction in mineral fertilizer use, driven by escalating prices linked to the Russia-Ukraine conflict.

Bunge and Zen-Noh Group have agreed to purchase a 50% stake in a grain terminal at the Port of Santos from Brazilian rail operator Rumo for $115 million.