3 ms·
I spent twenty years in the fertilizer industry. Fertilizer prices are already at record highs. For example I retailed anhydrous ammonia (NH3) which farmers u
by rmason 5y ago
I spent twenty years in the fertilizer industry. Fertilizer prices are already at record highs. For example I retailed anhydrous ammonia (NH3) which farmers use for nitrogen for between $220-$320 ton. The price now is $1000 per ton.
I saw one news account that said Russia accounts for two thirds of all fertilizer sales worldwide. This sounds way too high a number at least for U.S. fertilizer sales. The talking head economist said fertilizer price increases could result in a 25% increase in food prices by next winter. I doubt few Americans see that coming.
- Mountain_Skies 5y agoIIRC, the 2/3rds figure was for a particular input required for making fertilizer, which might be better or worse depending on how easily that particular item is replaced. The real loser here appears to be India, which apparently has a heavy reliance on Russia for fertilizer and agricultural products. If the rest of the world cannot replace what Russia no longer exports, it can be a huge disaster for India and that region.