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Nov 4 (Reuters) - A shortage of nitrogen fertilizer due to soaring natural gas prices is threatening to reduce global crop yields next year, CF Industries, a major producer of the crop nutrient, said on Thursday.
Prices of nitrogen fertilizer, one of the most commonly used fertilizers to boost production of corn, canola and other crops, are at their highest levels in more than a decade.
Hurricane Ida also hit CF's ammonia plants in Louisiana in late August, forcing them to halt production.
Russia will limit exports of nitrogen fertilizers for six months to try to curb any further increase in food prices, its prime minister said on Wednesday. China is also limiting nitrogen exports.
www.reuters.com
Prices of nitrogen fertilizer, one of the most commonly used fertilizers to boost production of corn, canola and other crops, are at their highest levels in more than a decade.
Hurricane Ida also hit CF's ammonia plants in Louisiana in late August, forcing them to halt production.
Russia will limit exports of nitrogen fertilizers for six months to try to curb any further increase in food prices, its prime minister said on Wednesday. China is also limiting nitrogen exports.
Nitrogen fertilizer shortage threatens to cut global crop yields -CF Industries
A shortage of nitrogen fertilizer due to soaring natural gas prices is threatening to reduce global crop yields next year, CF Industries, a major producer of the crop nutrient, said on Thursday.
www.reuters.com
