Fertilizer prices today September 7, 2022: Severe fertilizer crisis in Europe

fertilizer prices today, September 7, 2022: Severe fertilizer crisis in Europe Currently, European countries are in a precarious situation, suffering from a dual crisis of fertilizer and gas. Similar to China’s situation, fertilizer production enterprises in Europe are being forced to stop operations or even go bankrupt due to a lack of gas to maintain production. The gas supply of European countries is currently dependent on US liquefied natural gas, but the sky-high price of this fuel makes fertilizer plants unable to operate. The lack of fertilizer supply and high prices make farmers reduce fertilization and the world faces the risk of low agricultural production. Looking at the overall picture, this situation is even more alarming, when the International Fertilizer Association predicts that if Europe’s nitrogen fertilizer production capacity decreases by about 25%, the global nitrogen fertilizer supply in 2023 could fall to its lowest level since 2008. Given this situation, of course the domestic situation will also be affected. Urea prices have also increased in some regions. #fertilizer_price #farmers #western_region #fertilizer_price #ure #price #price #price #price #kali #agriculture #fertilizer #agricultural supplies #news #agriculture

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