In the last two years, the price of fertilizer is up over 10% and in the first six months of 2018, the average price per tonne has jumped from $1.99 per ton to $1,066 per ton.
It’s a big increase for the world’s largest fertilizer producer.
It makes sense for the company, which uses a unique technology called “thermal suspension” to separate and distribute fertilizer into a wide variety of products.
The process is also cheaper.
In 2016, the world used about 1.4 million metric tons of fertilizers a year, according to the United Nations Food and Agriculture Organization.
With the cost of a ton of fertilizer in the United States and Mexico at $1 each, a ton could be worth about $1 in a few months.
The average price of a kilogram of fertilizer has also risen, from $0.99 to $0,99 per kilogram in the last three years.
“It’s a good price for us, but it is not the cheapest,” says Mike Stolte, chief operating officer of Honeytonics, a Texas-based company that makes thermal suspension fertilizers and other fertilizer products.
“There is a demand out there for this kind of product,” Stoltes told CNNMoney.
“That is a really good reason for us to be successful.”
It’s not the only reason Honeytons price has increased.
In 2017, the United Kingdom banned all imports of the mineral nitrate fertilizer, and the price for that fertilizer went up, too.
In the United Arab Emirates, fertilizer prices also increased, to a total of $0.,99 per pound in 2017.
The UAE government also introduced a new fertilizer tariff, but this was temporary.
“The government did not do anything to increase the prices,” Stolets said.
The price of fertilizer in the U.K. has been rising in the past few years.
In 2014, the country’s fertilizers price rose to $3.96 per kilo, according the government.
By 2019, the government was increasing fertilizer tariffs to a whopping $9.50 per kilowatt-hour.
According to the latest price data from the United Nation’s Food and Agricultural Organization, the fertilizer industry is expected to generate $3 billion in 2020 and $4 billion in 2021.
That’s enough money to keep a small business running for years.
But with the fertilizer prices, the industry is also looking at more drastic measures to control costs.
“Our goal is to keep prices down to $2.50,” said John McNeill, a senior adviser with the World Trade Organization (WTO).
The WTO, which represents the global community of nations that has jurisdiction over the global food supply chain, has been pushing for the introduction of price caps since 2012.
“We want a world where you have the lowest prices,” McNeill said.
“In a world that is so competitive, we would be happy to lower prices to $ 2.50.”
In response, the World Food Program (WFP) is lobbying for a global ban on fertilizer.
The organization’s new World Food Summit is set for September 27-28 in Paris.
“Food prices are the most important issue facing the global economy,” the WFP’s head of international trade policy and advocacy, Mark Wilson, told CNN in June.
“They’re the main driver of poverty, malnutrition and starvation around the world.”
The World Food Programme says that by 2020, the global average price for fertilizers will reach $3,200 per kilolitre, which would be the highest price since World War II.
“Price controls can be a way to save the world, but they need to be coupled with other solutions to protect our food security,” said WFP Secretary-General María José Estrada.
“This has to be combined with other approaches to tackle food insecurity, to prevent climate change, and to tackle poverty.”
The WFP has been trying to persuade countries to reduce their fertilizer prices for years, but has faced resistance from other countries.
“I’m not sure how they would get it through to them,” Wilson said.
According a report by the UN Office for the Coordination of Humanitarian Affairs (OCHA), the United State and Brazil had the largest share of the global fertilizers market, but China accounted for the majority of fertilizer production.
“If there’s a global price cap on fertilizer, we can say, ‘Here is the way it works.
If you want to increase your production, you have to pay a price,'” McNeill explained.
The problem with the WTO regulations, however, is that they don’t have teeth.
The WTO has also proposed that fertilizer should only be sold as fertilizer.
That would mean it would have to be made in a facility where it could be reused, which in turn would increase the costs for farmers.
“To be able to say, well, you can only use this in this kind