Farmers Are Struggling to Keep Up Food Supply as Fertilizer Prices Surge - Bloomberg

2022-06-15 16:06:31 By : Ms. Jessica Lee

Bloomberg Markets European Close. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News.

Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens.

Thousands of researchers from more than 70 countries are developing a comprehensive map of every kind of cell in the human body, an endeavor that could transform our understanding of diseases and medicine.

Cathay Plans Hiring Spree to Prepare for Hong Kong Travel Bounce

Cathay Pacific Studying New Aircraft Order for Regional Routes

From Big Tech to Bank Stocks, Traders Brace for Fed Rate Hike

Tesla Reports Most Automated System-Related Crashes, US Says

Disney+ Could Lose 20 Million Subscribers by Ceding Cricket

New Jersey to More Than Double Property-Tax Relief to $2 Billion

Israel Signals Biden Mideast Visit Is Chance to Boost Saudi Ties

NYC’s Related, Swire Plot Out New Luxury Miami Office Skyscraper

HSBC Fires London Trader as Crackdown on Client Messaging Widens

Review: ‘Cha Cha’ Is Poignant, Surprising Coming-of-age Tale

Mix-and-match Metal Heroes Are 'Iconic' on Project Disc

Bond Market Spooks ECB Into Doing...Nothing

Housing Market Cooldown Will Only Lead to More Dysfunction

In Tuesday’s Primaries, a Big Day for Donald Trump

Sheryl Sandberg’s Wedding Expenses Are the Least of Facebook’s Sheryl Sandberg Problems

Lina Khan Has to Act Fast on Her Progressive Antitrust Agenda at the FTC

Janet Yellen Is Struggling at the Treasury Job She Never Wanted

Accused Buffalo Shooter Faces Potential Death Penalty on Charges

Morgan Stanley, Felicis Alums Raise $450 Million for Debut Fund

Japanese Firm to Tackle Dearth of Female Managers With Novel Bond

Nio Unveils Mid-Range SUV to Catch Up to Chinese Rivals

Extreme Heat Is Blasting the Midwest, South

How Many Bridges Does the Chesapeake Bay Need?

‘Train Fanatics’ Score a Win in California Battle Over Idled Tracks

Fiat Factory Roof Gets New Life as Public Space in Italy’s Motor City

Bitcoin Veterans Know to Keep Their Eyes on the $19,511 Level

El Salvador’s Big Bitcoin Gamble Backfires to Deepen Debt Woes

What Happens To Your Bitcoin When You Die? Estate Planners Have Some Ideas

A run-up in prices and shortage of man-made nutrients are forcing the agriculture industry to adapt, and the impact could be severe.

Soybeans during a harvest on a farm near Brasilia, Brazil, where farmers are having trouble getting fertilizer for the next soybean crop.

For the first time ever, farmers the world over — all at the same time — are testing the limits of how little chemical fertilizer they can apply without devastating their yields come harvest time. Early predictions are bleak.

In Brazil, the world’s biggest soybean producer, a 20% cut in potash use could bring a 14% drop in yields, according to industry consultancy MB Agro. In Costa Rica, a coffee cooperative representing 1,200 small producers sees output falling as much as 15% next year if the farmers miss even one-third of normal application. In West Africa, falling fertilizer use will shrink this year’s rice and corn harvest by a third, according to the International Fertilizer Development Center, a food security non-profit group.