Posted on 06/18/2022 12:12:24 PM PDT by SpeedyInTexas
The fertilizer shortage that threw the agricultural sector into disarray and pushed food costs higher globally may be fading.
Crops across the world are dependent on nutrients from Russia, one of the biggest exporters, and the invasion of Ukraine four months ago roiled markets for the crucial chemicals. Ultimately, prices soared so high that farmers halted buying — and now the market has flipped. Fertilizer supplies are piling up from Florida to South America. Ships are waiting to unload and companies are struggling to reduce stocks in ports and warehouses, according to people familiar with the matter.
In Brazil, warehouses are approaching maximum capacity because farmers are betting prices have farther to fall. As far back as March — just weeks after Russia invaded — North American potash reserves were at a six-year high, according to Bloomberg’s Green Markets and The Fertilizer Institute, as prices soared and farmers skipped applications.
(Excerpt) Read more at ttnews.com ...
ping
Was all the OMG SHORTAGE crap just more of their crap ?
At what price?
.
Too late. Planting season is pretty much over.
Little late as planting has already happened and with possible drought coming in Texas and lower central US putting fertilizer out is costly wasted effort.
Still more than double from a year ago.
The need for fertilizer for planting season has just about passed, hasn’t it? Without readily available and affordable fertilizer some farmers decided just not to plant as much crop this year as they have in the past. Some decided not to plant at all.
I would think that if seeds weren’t sown over the past six weeks, then it is too late for most crops to be planted now and still have time to mature before the first frost. It’s mid-June. I can’t see farmers suddenly saying, “oh, fertilizer is now available in Brazil, let me run out and prepare that 200 acres for planting”. It’s not as simple as just poking a hole in the ground and telling the crops to grow. Add in the cost of diesel and I just don’t see it happening.
With the neocons, you never give up the con.
Winter wheat planting coming up soon.
We will know in the fall how much was crap and small the harvest will be.
“The need for fertilizer for planting season has just about passed, hasn’t it? Without readily available and affordable fertilizer some farmers decided just not to plant as much crop this year as they have in the past. Some decided not to plant at all.”
I’m on the mid Texas coast. We are in something of a drought here. So Corn and Milo made it in the ground but very little Cotton got planted. Maybe 1/3 plus fields are not planted an won’t be this year. By the time Cotton planting time came around it was looking to be too dry, plus cost of fuel and fertilizer made it too big of a gamble even with good prices. There will be a Corn and Milo harvest but yields will be way down.
Putin’s fault but Biden will claim he fixed it.
Could be free but we’ll still be paying out the wahzoo for the end product.
Has the WH rescinded its ban on rail shipments of grain and fertilizer yet? Else it does not matter much: too expensive to truck in the quantities needed. Basically, shipping rocks by truck is not cost efficient.
Thanks. That’s what I thought.
It amazes me that people who should know better, and are paid to know better, believe that services and goods can be produced by decree. You can’t just order more oil to be produced in order to get the prices down before the November elections. You can’t just tell farmers, “fertilizer problems will soon be resolved, so go ahead and plant your crops”. Manufacturing and production does not work that way.
It’s much like deciding some businesses are “non-essential” so no harm will be caused by shutting them down. If you have a small company that employees twelve people and the only thing they produce is a certain screw, many people think they are “non-essential”. However, if that screw is a specialty one that is the adjusting screw for a machine that makes cans that we see on the shelf at the grocery stores, it is definitely an essential business. If there are only four of those “screw making” companies in the country, and three of them are in blue states that shut down all their “non-essential” businesses, then the ripples will be felt nationwide. Because then you will have a shortage of screws that are necessary in the production of food products for the consumer. That is a simplistic scenario but spread it throughout the manufacturing sector to all types of items and it has a devastating effect on the supply chain.
headline should be:
“RUSSIAN Fertilizer Stockpiles Swell, Easing Harvest Worries”
Yes it was.
Hope they enjoy eating all those stockpiled pork and beans
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