North American fertilizer shortage sparks fears of higher food prices

Warning to 'get your fertilizer now' as farmers postpone nitrogen purchases, raising threat of rush on supplies before planting seasonA global shortage of nitrogen fertilizer is driving prices to record levels, prompting North America's farmers to delay purchases and raising the risk of a spring scramble to apply the crop nutrient before planting season.Farmers apply nitrogen to boost yields of corn, canola and wheat, and higher fertilizer costs could translate into higher meat and bread prices. Continue reading...