Fertilizer prices – Fertilizer and agricultural materials market today, March 27, 2022: Little fluctuation

fertilizer prices today, March 27, 2022: Little change. Some dealers sell at lower prices to support farmers. Record high fertilizer prices, will the world fall into a food crisis like in 2008? Prices of raw materials for fertilizer production, including ammonia, nitrogen, nitrate, phosphorus, potassium and sulfate, have all increased by 30% since the beginning of 2022 and are now above the peak recorded during the 2008 food and energy crisis, according to commodity consultancy CRU. Global food prices rose sharply in 2007 and in the first quarter of 2008, causing economic, political and social instability in both developed and emerging economies. According to Barclays, emerging economies could be greatly affected. That doesn’t mean developed economies and investors won’t be affected, as the tit-for-tat sanctions between Russia and the West are sure to reduce supplies of energy, grains and fertilizers. Given the “heavyweight” of Russian supplies, other countries will only be able to fill some of the gap in global supply, some experts say. “Overall, the current commodity wars will lead to higher and more persistent inflation around the world, including in the US. However, we think a US recession is unlikely given the low trade with Russia.” #fertilizer_price #farmers #western_region #fertilizer_price #fertilizer #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials

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