Prices for everything are skyrocketing, including for fertilizer products needed to grow food.
Bloomberg writer Elizabeth Elkin said it is Russia's fault that fertilizer prices "Continue to surge to records," blaming Vladimir Putin for invading Ukraine.
Russia did halt exports of ammonium nitrate, a fertilizer product used by many other countries to grow food.
"Russia has urged domestic fertilizer producers to reduce exports, further stoking fears of shortages," Elkin wrote, adding that a "Massive portion" of the world's fertilizer supply is "At risk, adding to concerns over soaring global food inflation."
The effects of this could be a disruption in global trade, as Russia accounted for nearly one-fifth of all fertilizer exports in 2021, according to Trade Data Monitor and Bloomberg's Green Markets.
In a separate article, Elkin wrote that Nutrien Ltd., the world's largest fertilizer company, intends to expand its retail footprint in agriculture powerhouse Brazil, which is heavily dependent on fertilizer imports from Russia.
"Grain prices have been volatile since the invasion, as importers are heavily reliant on supplies shipped from Russia and Ukraine through the Black Sea.".
https://www.naturalnews.com/2022-03-28-msm-blames-russia-for-higher-fertilizer-prices.html
No comments:
Post a Comment