4 ms·
Per TFA, the story is not really about an insufficient production capacity, but an increase in the cost of the inputs. The product is (literally in some cases)
by kristjansson 5y ago
Per TFA, the story is not really about an insufficient production capacity, but an increase in the cost of the inputs. The product is (literally in some cases) on the shelves, but at a price that impairs or breaks the farmer's unit economics.
Nitrogen fertilizers are, basically, a fossil fuel product. The dramatic increase in price reflects the increase in the price of natural gas. Agricultural phosphate is competing with more profitable application in LFP batteries [1], so prices are rising.
More resilient production for agricultural inputs and support of farming that builds on local conditions to require fewer inputs would be nice.
[1]: https://www.producer.com/news/china-cuts-phosphate-exports-to-build-batteries/ https://www.producer.com/news/china-cuts-phosphate-exports-t...