New Orleans Urea Falls 36% to $453.50 a Ton as Middle East Supply Fears Ease
Updated
Updated · AGInfo Ag Information Network · Jun 16
New Orleans Urea Falls 36% to $453.50 a Ton as Middle East Supply Fears Ease
1 articles · Updated · AGInfo Ag Information Network · Jun 16
Summary
$453.50 per short ton marked New Orleans urea last week, a 36% drop from mid-April and the lowest level since early February.
The slide followed easing worries that conflict involving Iran could choke fertilizer shipments through the Strait of Hormuz and prolong supply disruptions.
Separately, 123 agriculture and conservation groups urged the Senate Agriculture Committee to address USDA staffing shortages they say are hindering producers through office consolidations and reduced local service.
With only a trickle of ships passing Hormuz, how soon can U.S. farmers expect reliable fertilizer supplies and relief from high prices?
What lasting changes might the fertilizer crisis spark in U.S. agricultural policy and import dependence, especially for vulnerable communities like Native American farmers?
Could ongoing staffing shortages at USDA and BIA further delay access to essential aid and programs for rural and Native American producers?