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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 ...
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CF Industries Holdings, Inc. is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products. The company is based in Northbrook, Illinois, a suburb of Chicago, [3] and was founded in 1946 as the Central Farmers Fertilizer Company.
As of fiscal year 2021–22, fertilizers such as diammonium phosphate, ammonium sulfate and urea generated over 60% of the company's revenue, while industrial products including caprolactam, nylon 6, melamine and MEK oxime contributed the remaining share. [4]
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The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
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It has three manufacturing plants. The Namrup-II unit was closed up by the company in 1994 due to scant supply of natural gas. The corporation was part of the Fertilizer Corporation of India. [1] It was spun off into a separate entity after re-organization of Fertilizer Corporation of India in early 1978 as per Government Of India's decision.