Fertilizer prices are soaring again, after Chinese and Russian suppliers sharply reduce exports.Both are top producers of fertilizers, and previously supplied export markets. But China is locking up its supplies for its surging domestic market, as well as for its factory sector.Russian fertilizers are now under sanction by the European Union, and farmers in the Eurozone are struggling to find suppliers elsewhere across the world. Since 2022, Russian exports of fertilizers are down over 80%.American farmers are not nearly as reliant on imported fertilizers. But the shortages caused by Chinese and Russian export policy are pushing up prices by double-digits, even on US farms, as domestic fertilizers suppliers can freely raise prices to meet new market demand from Europe.Closing scene, XinjiangResources and links:Nikkei, China export controls emerge as factor in rising fertilizer priceshttps://asia.nikkei.com/business/agriculture/china-export-controls-emerge-as-factor-in-rising-fertilizer-pricesFertilizer Outlook: Global Risks, Higher Costs, Tighter marginshttps://www.fb.org/market-intel/fertilizer-outlook-global-risks-higher-costs-tighter-marginsUS Diammonium Phosphate Spot Price (Gulf) (I:USDPSPG)https://ycharts.com/indicators/us/_diammonium/_phosphate/_spot/_price/_gulf#%3A~%3Atext=27+05%3A47-%2CBasic+Info%2C31.49%25+from+one+year+ago.Fertilizer prices on the rise for farmers, ranchershttps://texasfarmbureau.org/fertilizer-prices-on-the-rise-for-farmers-ranchers/The US Has Never Imported So Much foodhttps://financialpost.com/pmn/business-pmn/the-us-has-never-imported-so-much-foodTop U.S. Food Imports by Origin countryhttps://www.visualcapitalist.com/cp/us-food-imports-by-country/2024 Farm Income Decline Confirmed in USDA updatehttps://www.fb.org/market-intel/2024-farm-income-decline-confirmed-in-usda-update

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