Get Ready for More Price Increases, This Time from Something You Didn’t Expect
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!
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Source: https://alspoliticalview.blogspot.com/2022/03/get-ready-for-more-price-increases-this.html
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