Get Ready for More Price Increases, This Time from Something You Didn’t Expect
Al Ritter
Urea prices are going to go off the charts, read that
as price changes in fertilizers, ranging all the way from lawn fertilizers to
major agricultural fertilizers. Yes the war between Russia and Ukraine has made
a drastic effect price change in fertilizer production.
Russia and its old satellite countries are the major
producers in fertilizer (who would have thought.) Not only fertilizers but also
in wheat production, so brace yourselves more increases are coming in the near
future, like it or not the world is very closely tied in lots of commodities.
Urea production will affect other markets too, Urea is
the number one component in DEF fluid that is now required in diesel
applications to reduce emissions in later model trucks, both commercial and
light to heavy duty pickups…..as if fuel prices weren’t high enough!
Read More here:
2 comments:
The world market is tied closer together than I ever expected!
I suppose our sanctions against them are going to hurt at home too.
Post a Comment