Posted on 10/11/2021 5:47:55 AM PDT by blam
Fertilizer prices have risen to a record high in North America, threatening to boost food inflation even higher. Nitrogen products are increasing due to the cost of natural gas, which is used in the manufacturing process.
The Green Markets North America Fertilizer Price Index soared to a record high last week of $996.32 per short ton.
The fertilizer market has been roiled by hurricanes, plant shutdowns, sanctions, and shortages of natural gas in Europe and China, pushing nutrient prices sky-high, which will raise the cost of production for global farmers. Here are global fertilizer prices zooming higher:
Fertilizers play an essential role in crop development for producing enough food for the global economy. The soaring costs of nutrients plus rapid food inflation will have the most severe economic impacts on emerging market economies first because low-income folks allocate a more significant part of their incomes to purchasing food. This week, the Food and Agriculture Organization’s global food index hit a new decade high, driven by gains for cereals and vegetable oils.>
Expensive fertilizer will push production costs higher for farmers worldwide, which will continue to increase food inflation.
Benefiting from rising fertilizer prices is CF Industries Holdings Inc., the world’s second-biggest fertilizer company.
The Northern Hemisphere growing season begins late March/April. It may suggest that soaring farm input costs, such as fertilizer, diesel, labor, and machinery, will pressure farm incomes and lead to sustained food inflation well into 2022.
When you raise oil prices 50% you automatically raise fertilizer 50%.
Import ‘fertilizer’ from the streets of sanfransicko.
The Chicoms will sell us Chinese crap. Like always have
What? You don’t want the special tomatoes with added meth?/s
The nitrogen in fertilizer comes from natural gas.
Same thing.
The one thing China doesn’t have enough of is food. We sell them a lot of pork and grain. If they start a war with us, we could easily starve them.
Well Sh*t!
So to speak.
Not hardly.
Let’s Go Brandon is making one fine mess of this country.
There must be more to the process than I understand, given that there is no nitrogen in natural gas, which is methane (CH4).
Natural gas (Methane) and atmospheric nitrogen are combined to produce urea and ammonium nitrate, two basics of chemical fertilizer.
The methane is used to make ammonium nitrate.
We need a billion smaller farmers who have a mix of animals and produce.
Animals create fertilizer. God already invented the system.
Pee in your garden all winter to fertilize it.
“Same thing”
Hardly. They both come from wells, but that’s about as close as they get.
You mean NG prices are not rising?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.