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China is tightening its curbs on fertilizer exports as the war in Iran disrupts trade of key crop nutrients, driving up prices globally.
The White House is looking at intervening to help farmers facing high fertilizer prices as a result of the U.S.-Israeli military operation in Iran. Secretary of Agriculture Brooke Rollins said Friday
Smith: Global tensions in and around Iran are already having an impact on fertilizer prices and availability as farmers prepare for spring planting. Faith Parum, an economist for the American Farm Bureau Federation, said the Middle East plays a major role in the worldwide supplies of fertilizer.
Justice Department probes fertilizer giants as farmers face rising costs. Corn growers demand action on price hikes and market concentration issues.
A Chesapeake farmer says the war with Iran is hitting close to home, and the timing couldn't be worse. Heath Cutrell is concerned about fertilizer prices climbing with planting season just weeks away.
Nutrien recently benefited from a wave of analyst upgrades and higher dividend declarations after geopolitical disruptions tightened global fertilizer supply and lifted nutrient prices ahead of the spring planting season.
KSNT Topeka on MSN
‘We’re trying to do everything we can:’ How high fertilizer costs are affecting farmers across Kansas
TOPEKA (KSNT) – As the U.S.-Israeli strikes on Iran contributed to prices increasing for common goods, including gas and groceries, the conflict adds more uncertainty for the fertilizer market for farmers as the market reacts to the conflict.
A surge in fertilizer prices is sending shares of producers soaring. Investors bet that U.S. fertilizer makers can take market share while Mideast output is blocked, and that their access to cheaper natural gas than competitors will boost their profit margins.