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Syngenta, Yara shipments may have dropped ahead of farm supply rush

Ags - Fruit/Veg 118 Ags - Grains/Beans 259 Canada 438 Consumer Staples 646 Coronavirus 452 Materials - Chemicals 175 Russia 90 U.S. 4725

Farm suppliers in the U.S. have accelerated shipments to beat the spread of coronavirus disruptions to the agricultural sector. Nutrien’s CEO, Chuck Magro, stated the firm is “forward-placing a lot faster” than normal, with food security later this year depending on planting activity in the coming weeks. U.S. seaborne imports of fertilizer and insecticides have been in decline with a 13.1% year over year drop in February. Among major suppliers, shipments by ICL Premium fell 52.4% while those by Syngenta and Yara fell 22.7% and 22.2% respectively.

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