Milliyet: Turkey has purchased additional fertilizer volumes from Russia

Turkey, in the context of disrupted fertilizer supply chains due to the situation in the Strait of Hormuz, has procured additional volumes of fertilizers from Russia and is negotiating with Algeria and Morocco. This was reported by Milliyet, citing sources in the government and industry. The closure of the Strait of Hormuz, as the publication writes, has led to the disruption of global fertilizer supply chains and a reduction in sales by almost 40%. This has also led to a rise in prices. Under these circumstances, Turkey "in addition to existing reserves recently procured fertilizers in Russia, and is also negotiating with Morocco and Algeria." The current reserves of the country are expected to last until autumn. Milliyet writes that Turkey's annual need for fertilizers is estimated at 7 million tons, of which 5 million tons are imported. To balance supply and stabilize the growth of prices in the domestic fertilizer market, certain measures have been taken. Fertilizer exports ...