Friday, February 11, 2022

Fertilizer Prices Double

For people like AOC, a doubling of fertilizer prices is meaningless, because she thinks food is grown right in the grocery store's back room.

For the rest of the world, particularly the poor, a doubling of fertilizer prices is a problem.

...Between September 2020 and the end of 2021, the price of ammonia increased 210 percent, liquid nitrogen increased 159 percent, urea 155 percent, monoammonium phosphate (MAP) 125 percent, diammonium phosphate (DAP) over 100 percent, and potash rose 134 percent on average across the country....

...The price hikes are being blamed on the “soaring prices for the natural gas used to produce them, and severe storms in the United States that disrupted production,” per Reuters reports, while experts disagree with the assumption there is a shortage of fertilizers.

“There is fertilizer in the United States. It is expensive primarily due to fluctuations in the world energy market, which influences price,” stated Kreg Ruhl, senior market manager of Growmark, an Illinois-based agricultural supply cooperative....

"Soaring prices for natural gas...."

Bai-Den's demolition of pipeline and exploration permits may have had something to do with that.  But you won't find that in MSM stories, will you?

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