That’s 60% of global ammonium nitrate production, just in time for planting season. Someone better at the economy than me tell me what this means for food prices… :biden-fall:
That’s 60% of global ammonium nitrate production, just in time for planting season. Someone better at the economy than me tell me what this means for food prices… :biden-fall:
Food prices are expected to rise due to higher input costs for fertilizer productions already, so any disruptions will have an upward movement on prices. Article from a few weeks ago:
https://www.spglobal.com/platts/en/market-insights/blogs/agriculture/011922-fertilizer-costs-natural-gas-prices