Brenntag attributed the performance to coordinated pricing strategies and effective stocking decisions in North America and Europe, the Middle East and Africa.
The association has stressed that every additional day of delay adds expenses without benefiting farmers, millers or consumers.
The move comes as the conflict involving Iran, Israel and the United States has disrupted shipments through the Strait of Hormuz since late February, exposing vulnerabilities for India as the world’s most populous country, the second-largest fertilizer consumer, and a major agricultural producer.
South Africa’s grain economy is anchored by maize, supported by a structurally constrained wheat sector and a rapidly expanding soybean industry.
The surge reflects Senegal’s policy shift toward favouring local processing of groundnuts, which has coincided with a sharp decline in raw peanut exports as more of the crop is crushed domestically into oil.