Fertilizer Prices Hit Record Highs, May Pressure Food Inflation Even Higher
Fertilizer prices have risen to a record high in North America, threatening to boost food inflation even higher. Nitrogen products are increasing due to the cost of natural gas, which is used in the manufacturing process.
The Green Markets North America Fertilizer Price Index soared to a record high last week of $996.32 per short ton.
The fertilizer market has been roiled by hurricanes, plant...
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