The lack of fertilizers threatens a new jump in food prices

American farmers have no shortage of problems that give them headaches. This year, the list of these problems has been supplemented by one more item: a shortage of nitrogenous fertilizers and a sharp rise in prices for them. And this shortage could spur the continuing rise in food prices, experts say.

Several factors contributed to the deficit, including record low temperatures in Texas earlier in the year and Hurricane Aida, which hit fertilizer plants in Louisiana in August, leaving some of them permanently out of service. In addition, the deficit was also affected by delays and interruptions in the supply network and the rise in prices for natural gas, the main component of nitrogenous fertilizers.

“Higher energy prices have reduced fertilizer production in China, one of the world’s top fertilizer suppliers,” said John Begin, an agricultural economist and professor at the University of Nebraska. “We see a similar situation in Europe.”

American farmers usually pay for fertilizer up front. But the current high prices are forcing some of them to postpone the purchase of fertilizers until next spring. “But this increases the risk of further escalation in fertilizer shortages and prices,” said Dairen Koppok, co-leader of the Agricultural Merchants Association. – There will be quite a few people who prefer the tactics of waiting. But if each of them rushes to buy fertilizers in the spring, someone may not get the necessary amount, someone’s corn planting will not have enough. ”

Source: Все материалы – Московский Комсомолец by

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