Takeover Target, page-15

Nice quick summary from a good source

I'd add that whilst they point out that about 20% of fertiliser came from sanctioned Russia and Belarus, it's in the region of 40% global supply, so the issue starts higher up the chain

There's an Australian government paper on this too... I think the story will really evolve over northern hemisphere summer and autumn as weather continues to be wild and a lack of fertiliser leads to greater crop issues. Going to be pretty bad I think

https://www.agriculture.gov.au/sites/default/files/documents/september-2022-snapshot-global-fertiliser-trade.pdf