Fertilizer Spike Hits European Farmers During Heart of Planting [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Crops of winter wheat and barley are being sown just as numerous nitrogen fertilizer plants in Europe shut as prices surge for their key feedstock, natural gas. Those fields will require fertilizer when they thaw next year to boost yields and quality. Consequently, soaring fertilizer prices risk curtailing output, highlighting how the spike in global energy costs is adding to food inflation. William Shatner going where no (living) original Star Trek cast member has gone before Advertisement Advertisement Article content “We have a lot of question marks about not only the price, but if there will be enough supply of nitrogen fertilizer for next spring,” said Philippe Heusele, general secretary of French wheat growers' group AGPB. “The question is should we plant 100% of what was foreseen before the winter or not.” The surge in local prices for ammonia — the foundation of nitrogen fertilizers — to a 13-year high is part of more widespread inflation across farm inputs, inclu
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