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(NEWSTARGET) – The sharp increase in U.S. nitrogen exports to address Europe’s fertilizer shortage could have a big impact on American farmers and end up creating a shortage at home, experts are warning.
When the surging prices for natural gas in Europe pushed the prices of producing nitrogen for fertilizers there through the roof this summer, American exports jumped. With Russia still under financial sanctions, Europe has found itself without a major producer of natural gas and fertilizer.
As a result of these tight fertilizer supplies, crop nutrient prices have climbed so much around the world that the United Nations has warned there could be a “future crisis” of availability. Some companies in Europe have already closed fertilizer plants as a result of the high prices.
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