New York Times writer Raymond Zhong penned an article this week discussing market factors associated with urea, and pointed out that, “ are soaring to levels not seen in over a decade.
The coronavirus pandemic has caused huge numbers of people to face hunger, and increased food prices could cause even more to have trouble meeting basic dietary needs.
Mr. Zhong explained that, “One big reason for surging fertilizer prices is surging prices of coal and natural gas.
While discussing factors that have lead to higher prices, the Times article stated that, “China and Russia, two of the biggest producers, have restricted exports to ensure supplies for their own farmers.
“Hurricane Ida drove several large chemical plants to suspend operations when it tore through the U.S.
The Times article added that, “China is a linchpin of the global fertilizer trade.
He has previously worked for the USDA’s National Agricultural Statistics Service, and compiled the daily FarmPolicy.com News Summary from 2003-2015.