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High fertilizer prices a growing worry http://apocadocs.com/s.pl?1212496808
Urea, a key form of solid nitrogen fertilizer, doubled in price from 2000 to 2007 and then went another 40 percent higher over the past year, according to reports. Potash, another key ingredient in some fertilizers, now costs nearly $600 per ton, while phosphate is nearing $1,000 a ton.... Fuel cannot be blamed for everything that goes up, he added; fertilizer demand is also reaching all-time highs and may bear some responsibility for the costly chaos. Some chemical components are fetching record orders worldwide for everything from farming to mining.
"It's real global," Robinson said. "This is the first year in 30 years that (fertilizer) demand exceeds supply."
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[Read more stories about:
peak oil, corporate farming]
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