U.K. Fertilizer Shortages Loom as Importers Hold Off Purchases
- Importers fear losses should farmers delay buying fertilizers
- Surging gas prices threaten fertilizer deficit across Europe
Phosphate fertilizer granules in a storage warehouse in Cherepovets, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
High fertilizer prices are pushing U.K. importers to pause purchases, threatening supply shortages next spring as soaring gas costs continue to disrupt the sector.
Importers fear they may suffer losses if farmers hold back from buying or if prices suddenly drop, according to the Agricultural Industries Confederation. That’s compounding the logistical bottlenecks and higher freight costs plaguing the sector.