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Fertilizer companies got a boost during the Ukraine-Russia conflict because those two countries accounted for a significant share of worldwide fertilizer supply.
However, the tide has turned since then and fertilizer prices have fallen significantly. And now we have recession fears that is driving further slowdown in commodities. While these stocks have already given up much of their gains, there is more downside to them particularly with inflation abating, oil prices declining and agriculture pulling back as well.
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