USDA warns fertilizer companies not to take advantage of Russia's invasion of Ukraine
US Agriculture Secretary Tom Vilsack said he hopes fertilizer and farm supply companies affected by Russia's invasion of Ukraine will not take unfair advantage of the situation, amid already high prices for farm products. .
He added that it was too early to say what the impact of the crisis would be on American farmers, the agency reported Thursday. Reuters.
Russia is a major potash producer and exporter of natural gas, a key input in the production of nitrogenous fertilizers.
“It will take some time for the impact to be felt. I hope that no company, be it fertilizer or any other supply that may be affected by this, takes unfair advantage of this circumstance or situation,” Vilsack said.
“That is my biggest and deepest concern,” he said.
Peruvian agriculture
In Peru, specialists have expressed their concern about a new rise in fertilizer prices at the local level, considering that Russia supplies 62% of nitrogenous chemicals and 20% of potassium chemicals demanded by Peruvian agriculture.
Federico Ramírez, a specialist in soils and fertilizers, told Gestion.pe that both Russia and Ukraine are key suppliers of potassium chemicals, so a resurgence of the conflict would impact prices in a context in which urea was stabilizing.
The Association of Agricultural Producer Unions (Agap) also indicated that there is concern because the supply of fertilizers for the large agricultural campaign that begins in July is not yet assured.
In addition, they considered that the rise in the price of oil - which has already reached US$ 100 - would have an impact on the price of plastic, a key input for the preparation of packaging for blueberries, grapes, among others.
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