Mar 17, 2022

Fertilizer Sanctions Split Ag Superpowers

Brazil, U.S. disagree on how to handle Russian fertilizer sanctions

The world’s agricultural superpowers are divided over whether Russian fertilizers should be sanctioned as surging prices threaten to further stoke food inflation.

According to a report at Yahoo Finance, Brazil, the biggest importer of fertilizers, argues for keeping crop nutrients sanction free in the name of food security.

The U.S., on the other hand, leans toward increasing the pressure on Russia.

"Maybe sacrifices are necessary to address the unjustified war that Russia has chosen to start,” U.S. Agriculture Secretary Tom Vilsack said during a virtual event organized by the United Nations’ Food and Agriculture Organization on Wednesday.

Sponsored Items

Recently Added to Buyer's Guide

Glyphosate-V

  • Quantitative method to detect glyphosate in various sample types, such as cereal grains
  • Results in 15 minutes

NeoSpectra

  • Instant, on-site analysis of feeds and feed ingredients
  • Platform includes easy-to-use software

MaconFortress Permanent Storage Cover

  • 15-year fabric warranty
  • Withstands high speed winds

Hoop Building

  • Economical solution for permanent grain storage
  • Lower electric and labor costs than grain piles/bunkers

BBU Big Bag Unloader

  • Modular system can be equipped with vibrating motor, pneumatic under massagers and stretch system
  • Designed to discharge difficult products, such as fine powders, in tight spaces

CUB Railcar Mover

  • Designed to move single railcars or groups of cars
  • For small- to mid-size loading, unloading and repositioning applications

Magazine

Marketwatch: Feb, 01

US Corn Price Idx: ZCPAUS.CM

open: 6.8325
high: 6.8875
low: 6.7808
close: 6.8028

US Soybean Price Idx: ZSPAUS.CM

open: 14.9025
high: 15.0323
low: 14.8598
close: 14.969

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 8.2642
high: 8.4037
low: 8.2167
close: 8.374

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 6.8955
high: 7.0355
low: 6.8905
close: 7.0099