© Matthew Thayer / AP fileFILE PHOTO
Today, deliveries of ammonium nitrate abroad from Russia are stopped: the government has
imposed a two-month ban on them.
"From February 2, a two-month ban on the export of ammonium nitrate comes into force. The corresponding government decree has been signed," its statement told.
This decision was made
to provide domestic farmers with mineral fertilizers for spring field work. An additional need for them arose in a number of regions of the country, in particular, in the North Caucasian and Southern federal districts.
"This is a temporary measure, the remaining volume can be exported from April 2, when Russian enterprises will receive ammonium nitrate in the required volume, and the demand for it in the domestic market will peak," said First Deputy Prime Minister Andrey Belousov.
Comment:
Note, Russia didn't 'squeeze' the supply of natural gas. Europe chose, against its best interests, to appease their US masters by not making long-term contracts for Russian gas, instead buying it at spot (market) price, which shot up as a result of the sudden return of demand when economies reopened after the lockdowns.
In the US just yesterday, there was a fire and
explosion at an ammonium nitrate fertilizer factory. In Europe the fertilizer
shortage threatens to cause a reduction in crop yield and quality, amidst already
soaring food prices. Meanwhile China took some preventative action as early June 2021 by granting $3.1 billion in subsidies to its farmers to alleviate the burden of exorbitant commodity costs:
Major shortages of fertilizers are occurring the world over, mainly because of plant closures due to the lockdowns. Another factor, also man-made, is that major producers of potash in Belarus are under sanctions because the US deems its government 'illegitimate'.
Why is this important? Because without these fertilizers, the world will produce up to 50% less food this year. This spells disaster.
Also check out SOTT radio's:
NewsReal: Canadian PM Flees Freedom Convoy as Washington Seeks War in Europe
Comment:
Note, Russia didn't 'squeeze' the supply of natural gas. Europe chose, against its best interests, to appease their US masters by not making long-term contracts for Russian gas, instead buying it at spot (market) price, which shot up as a result of the sudden return of demand when economies reopened after the lockdowns.
In the US just yesterday, there was a fire and explosion at an ammonium nitrate fertilizer factory. In Europe the fertilizer shortage threatens to cause a reduction in crop yield and quality, amidst already soaring food prices. Meanwhile China took some preventative action as early June 2021 by granting $3.1 billion in subsidies to its farmers to alleviate the burden of exorbitant commodity costs:
Why is this important? Because without these fertilizers, the world will produce up to 50% less food this year. This spells disaster.
Also check out SOTT radio's: NewsReal: Canadian PM Flees Freedom Convoy as Washington Seeks War in Europe