Covid-19: what risks for the fertilizer and fertilizer market in Africa?

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Covid-19: what risks for the fertilizer and fertilizer market in Africa?

Afriqom

The announcement of the closure of maritime borders, the preferred route for transporting fertilizers and fertilizers, did not fail to raise questions about the viability of supply chains in Africa. "Overall, we estimate at least a 20% market reduction at this early stage," said London-based firm Afriqom.

Afriqom, which monitors the continent-wide fertilizer market, believes that the major world producers (Russia, Belarus, Morocco, Egypt, Turkey, etc.) have not been impacted and will continue to operate. The sea freight rate is not expected to undergo major upheaval. Documentary formalities can on the other hand show an extension due to strict measures and telework. The African banking sector is likely to be under pressure in these times of covid -19. The infographic above provides information on the different parameters, country by country, to take stock of the situation.

Read the original article on Financial Afrik

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