The price of fertilizer skyrockets.
Headline: Christian Science Monitor, 3/12/2026
Harry Bruinius reports:
In 2021, his price for a ton of anhydrous ammonia, which he uses to shoot nitrogen into the soil, was $492. The price of corn at the same time was around $4.50 a bushel, according to his records. By January 2025, the price of corn he commands remained about the same. But anhydrous ammonia jumped to $745 a ton.
Then the United States and Israel attacked Iran, which retaliated by effectively closing the Strait of Hormuz – the narrow, 21-mile-wide waterway between Iran and Oman through which nearly one-fifth of the world’s oil flows. It is also the choke point for roughly one-third of the world’s traded fertilizer supply.
“On Feb. 13, the cost was $850 a ton, and the price of corn was just above $4,” Mr. Lillibridge says of the weeks before the attacks on Iran began. “Fertilizer’s going up; corn’s going down. And today, [anhydrous ammonia] is $1,050 a ton,” he says as he checks his supplier’s website. “That’s what’s going on with Iran.” [emphasis added]
Related posts:
No comments:
Post a Comment