10 monthly gift articles to share
But this time, disruptions could be even more severe. The NDSU Center for Agricultural Policy and Trade Studies noted in its latest report that the Persian Gulf accounts for a larger share of the global fertilizer trade than Russia. Moreover, farmers were able to offset some increased input costs as a result of a spike in grain prices because of the disruptions in the Black Sea region, the world’s breadbasket. Because Iran is not a major grain producer, grain crop prices will likely remain low, giving farmers few options to recoup costs.
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