Fertilizer Fever: Soaring Costs Could Impact Farmers and Food Prices
Bloomberg writer Elizabeth Elkin reported on Friday that, “A gauge of North American fertilizer prices soared to a record high, driving up costs for farmers and threatening to worsen food inflation.
“The Green Markets North America Fertilizer Price Index rose 7.9% to $996.32 per short ton, soaring past its 2008 peak to set a new benchmark for the index that began in January 2002.
Expensive fertilizer could push U.S. corn farmers’ cost of production 16% higher, according to Bloomberg’s Green Markets. For more, please click here.
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