Uncovering the Financial Dynamics and Strategic Directions
U.S. agriculture companies have been brisk importers of Russian fertilizer since the 2022 Ukraine invasion, a practice that is unwittingly helping fund Russia's war against Ukraine, U.S. producer CF Industries said on Thursday. The U.S. does not impose sanctions directly on Russian fertilizer, which is important to global food supplies and prices. On Wednesday, the U.S. Treasury Department issued hundreds of fresh sanctions on other Russian targets over the war.
Average selling prices of CF Industries (CF) decreased in Q1 as lower global energy costs reduced the global market clearance price required to meet global demand.