PROMOTING ECONOMIC GROWTH SEC 2 40 How will the Russia-Ukraine War affect our fertiliser sourcing? Are there any alternative supply countries for us to look forward to? The impact of Russia-Ukraine war on our fertiliser source is minimal as FGV Fertiliser Sdn Bhd (FGVF) only imports Potash from Russia. Nevertheless, FGVF has covered sufficient Potash to fulfil their requirement for 2022. Due to the Russia-Ukraine war, the Potash price increased for the third quarter of 2022 shipment. Despite the sanctions due to the Russia-Ukraine conflict, FGVF still maintains a good business relationship with suppliers from Russia. At the same time, FGVF explored alternative Potash sources from other countries such as Canada, Laos, German, Uzbekistan, and etc. for the supply in 2023 onwards. FGVF has received positive responses from these countries’ suppliers to supply Potash in the future. CASE STUDY PROMOTING ECONOMIC GROWTH Despite business challenges, FGV continues to leverage opportunities to remain agile.
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