Higher fertilizer prices linked to the Middle East conflict are forcing European farmers to rethink crop choices and cut fertilizer use.
Global tension in energy markets pushes nitrogen fertilizer prices higher while Morocco’s phosphate sector shows steadier outlook.
The Nigerian group moves ahead with plans to supply Ethiopia’s fertilizer market and nearby countries.
The company linked the increase to better market conditions and stronger demand.
Construction of the first production line is complete, and operations for the project’s first phase are expected to begin this year.