Nitrogen-based fertilizers must be applied each season; but with prices of staple crops low, farmers lack the revenue to absorb the expense caused by closure of Strait of Hormuz PARIS/SINGAPORE (Reuters) – Farmers around the world are facing the second surge in fertilizer prices in four years due to the Iran war. But with grain prices too low to cushion the blow from the deeper supply crunch this time around, many are rethin... [5545 chars]
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