Switching Crops Due to War-Driven High Fertilizer Costs?
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Switching crops due to war-driven high fertilizer costs?
‘Absolutely not’ say farmers who are sticking with a crop plan Farmers Forum staff OTTAWA — As the United States threatens to continue its war against Iran, there is no end in sight for a price break for fertilizer. Iran controls the Strait of Hormuz and 25 % of the world’s fertilizer must pass through […]
According to the UN Organization for Food and Agriculture (FAO) for short, 20 to 30 percent of the internationally traded fertiliser products are usually transported through the strait. The Gulf region is important for the supply, because there are plenty of gas and other precursors for fertilizer production such as sulphur. Oxford Economics: Competition for fertilizer stocksOxford Economics says the European Union is dependent on imports to pro…
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