Market Updates

Sanctions Add Pain to Farmers Squeezed by Concentration in Input and Selling Industries

Brian Turner
12 Apr, 2022
New York City

    Farmers are bracing for another round of price hikes in fertilizers, diesel, and natural gas. Fertilizer prices rose 60% in 2021. Nitrogen fertilizers rose 95% and potash fertilizer prices surged 70%. Additionally, only two U.S. companies supply fertilizer potash and four supply 75% of fertilizer nitrogen. Moreover, the latest sanctions on Russia and Belarus have hampered potash imports.

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