Fertilizers sit at the very heart of the commodities world. Their components are both mined and derived from hydrocarbons while their use underpins the agri sector. A truly global commodity but dominated by a handful of producers and traders. After a decade of low prices, last year saw prices quadrupled driven by energy price rises, shipping disruption and demand increase. What is the market structure? What does this all mean for market participants? Will fertilizers finally get a vibrant derivatives market? How will governments react to a prolonged price increase? What technologies might disrupt this sector? Our guest is Andres Santacruz, Head of Business Development for Fertilizers, Latin America and 10 year veteran in fertilizer trading.