Force Majeure at Top Fertilizer Plant Has Prices Soaring
- Date: 08-Sep-2021
- Source: Yahoo News
- Sector:Industrial
- Country:Gulf
Force Majeure at Top Fertilizer Plant Has Prices Soaring
(Bloomberg) -- Fertilizer prices are soaring after the world’s largest nitrogen facility had to declare a force majeure.
CF Industries Holdings Inc. said on Sept. 3 that it can’t fill orders from its Donaldsonville, Louisiana, nitrogen complex, which was closed ahead of Hurricane Ida, according to a letter seen by Bloomberg. That’s stoking fears of production losses at a time when supplies are already tight.