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Oct. 6—Due to increasing natural gas prices, nitrogen fertilizer prices are relatively high compared to recent years and are expected to remain high and possibly increase through next spring ...
A fertilizer shortage could mean continued rising food prices and increasing food insecurity for the world's poorest.
Europe's energy crisis and the 2022 Russian invasion of Ukraine caused significant price increases for European fertilizer and food industries. [91] [92] According to Julia Meehan, the head of fertilizers for the commodity price firm ICIS, "We are seeing record prices for every fertilizer type, which are all way above the previous highs in 2008 ...
Higher wholesale gas prices, which jumped 6.8% just from January to February, drove much of last month's increase. Wholesale grocery costs also posted a large gain, rising 1%.
The merger was suggested in the context of low fertilizer prices, leading to the hope that a larger company will be better able to increase prices. [3] The new company also hopes to reduce costs through consolidation; it estimates that it will be able to decrease costs by $500 million USD.
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The idea appealed to the Government of India and eminent cooperators of the country. As a result, Indian Farmers Fertilizer Cooperative Limited (IFFCO) was conceived and registered on 3 November 1967, as a multi-unit cooperative society with the primary objective of production and distribution of fertilizers.
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