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03/28/2022
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By Ethan Huff
Mainstream media predictably blames Russia as fertilizer prices reach new highs
Prices for everything are skyrocketing, including for fertilizer products needed to grow food. Bloomberg writer Elizabeth Elkin said it is Russia’s fault that fertilizer prices “continue to surge to records,” blaming Vladimir Putin for invading Ukraine. Russia did halt exports of ammonium nitrate, a fertilizer product used by many other countries to grow food. “Russia […]
05/27/2021
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By Franz Walker
Supply shortages drive inflation to record levels
Inflation signs are picking as worldwide supply shortages are leading to price increases in raw materials in recent months. A number of consumer-facing companies are warning that the shortages and logjams are forcing them to raise prices. According to a recent report by the Institute of International Finance (IIF), the supply disruptions caused by the […]
04/28/2021
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By Ethan Huff
Coronavirus shutdowns causing food prices to soar
A handful of the world’s most important commodities – these include corn, wheat, soybeans, and vegetable oils – are skyrocketing in price, thanks to the economic shutdowns imposed in response to the Wuhan coronavirus (Covid-19). This week’s Bloomberg Agriculture Spot Index, which tracks key farm products, shows a nine-year record surge in price for these […]
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