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Benzinga

Business

Wayne Duggan

3 Fertilizer Stocks To Watch As Prices Go Parabolic

Steve Byrne Bank of America Russia Ukraine

In addition to oil and gas prices, the Russian invasion of Ukraine has sent fertilizer prices soaring. Russia is one of the world's largest fertilizer exporters, and Bank of America analyst Steve Byrne said Wednesday that there is still more upside than downside for fertilizer prices and fertilizer stocks.

Byrne said global fertilizer supply was already tight even before Russia invaded Ukraine due to sanctions against Belarus, high gas prices in Europe and a ban on Chinese exports.

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