Mosaic Chief Economist Andy Jung said the fertilizer producer cannot pass sulfur cost increases to farmers given their limited capacity and has chosen to slow production. He warned that at some point these impacts will be significantly reflected in global crop yields, and food prices will begin to surge. Sulfur prices have risen to nearly $1,000 per metric ton from a normal range of $100-200 per ton due to Strait of Hormuz shipping disruptions. OCP Group, the worldu2019s largest phosphate fertilizer exporter, also warned that soaring sulfur prices are negatively affecting its production.
Source: China Energy News / Cailianshe
