Daily Management Review

US and Canada may be left without grain due to fertilizer shortages


A global shortage of nitrogen fertilizers and record-high prices are forcing US corn, canola and wheat farmers to delay purchases. This threatens to reduce harvests for North American countries.

Canadian company Nutrien (the largest supplier of fertilizers in the U.S. and the world market leader in the production of potassium fertilizers, one of the top three global suppliers of nitrogen fertilizers) announced reduction of the volume of nitrogen fertilizers, which it can supply in the spring of 2022.

According to Reuters, citing the company's senior vice president of retail, Jeff Tarsi, the volume of the reduction is not yet known.

Earlier this month, on November 4, the top management of CF Industries Holdings, a US producer and distributor of nitrogen fertilizers, said it was short of production. The situation has become so acute that in the near future farmers will not receive enough fertiliser for them.

Despite the possible shortage, the US International Trade Commission is still continuing its anti-dumping investigation into urea-ammonium nitrate suppliers from Russia and Trinidad and Tobago.

source: reuters.com