Published on 27 Jan 2023 on Insider Monkey via Yahoo Finance

Top 25 Agrochemical Companies in the World

In this piece, we will take a look at the top 25 agrochemical companies in the world. For more companies, head on over to Top 5 Agrochemical Companies in the World.

The ongoing Russian invasion of Ukraine, which is about to enter a full twelve months upended global agriculture supply chains. Both Russia and Ukraine are among the world's top agricultural and food products exporters, and a conflict between them cast doubt on the integrity of the global supply chain. As an illustration of the importance of both countries in the global food supply chain, data from the Organization for Economic Co-operation and Development (OECD) shows that as of August 2022, Russia and Ukraine were responsible for producing 13% of the world's wheat - with the lion's share of 10% going to Russia. This made Russia the world's largest wheat exporter and Ukraine the fifth largest.

Similarly, data from the U.S. Department of Agriculture shows that apart from wheat, Ukraine was the world's largest sunflower producer, the second largest producer of sunflower oil and sunflower meal, and the fourth largest producer of barley. Why is this important? Well, the Ukraine invasion has led to supply diversification across a host of sectors, such as energy, and including agriculture. This has had an effect on the stock market as well. For instance, shares of CF Industries Holdings, Inc. (NYSE:CF), a nitrogen producer, are up by 23% over the year despite a wider bloodbath in the stock market.