Changes

And unlike a price chart, the downstream damage compounded. [[India]] — which sources roughly 80% of its ammonia from the Persian Gulf — saw ammonia-based [[domestic]] production stall and lost hundreds of thousands of tons of monthly urea output as industrial gas was rationed. [[American]] [[farmer]]s absorbed the shock at the worst possible moment, entering spring planting with fertilizer costs spiking and [[diesel]] above $5 a gallon. Because [[natural gas]] is around 80% of the cost of nitrogen fertilizer, the [[LNG]] disruption and the fertilizer disruption feed each other — a second-order effect. When fertilizer gets scarce and expensive, the eventual bill is measured in crop yields and [[food]] prices.

And unlike a price chart, the downstream damage compounded. [[India]] — which sources roughly 80% of its ammonia from the Persian Gulf — saw ammonia-based [[domestic]] production stall and lost hundreds of thousands of tons of monthly urea output as industrial gas was rationed. [[American]] [[farmer]]s absorbed the shock at the worst possible moment, entering spring planting with fertilizer costs spiking and [[diesel]] above $5 a gallon. Because [[natural gas]] is around 80% of the cost of nitrogen fertilizer, the [[LNG]] disruption and the fertilizer disruption feed each other — a second-order effect. When fertilizer gets scarce and expensive, the eventual bill is measured in crop yields and [[food]] prices.

[[Category:Gulfs]]

[[Category:Gulfs]]