Trade disputes with major exporters are mostly blame for sky-high fertilizer prices, one industry stakeholder said last week. "Brooke McMullin, vice president of International Raw Materials Ltd., said while agriculture groups, Midwest lawmakers, governors and others are calling for investigations into fertilizer prices, they need to look no further than ongoing trade disputes with major fertilizer-exporting countries," Todd Neeley reports for DTN/The Progressive Farmer. "A combination of consolidation in U.S. fertilizer production capacity and countervailing duties slapped on fertilizer imports from Russia, Morocco, Trinidad and Tobago have contributed to higher fertilizer prices, he said."
"U.S. sanctions on Belarus are likely to exacerbate the issue, with Belaruskali announcing last week that it wouldn’t be able to meet its contracts. One of the world’s largest fertilizer companies, Yara International, headquartered in Norway, announced it would reduce its sourcing of Belarusian potash by April. Other corporations in the potash industry are not planning on increasing production and would face challenges in their attempts."
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