Force Majeure at Top Fertilizer Plant Has Prices Soaring

  • Date: 08-Sep-2021
  • Source: Yahoo News
  • Sector:Industrial
  • Country:Gulf
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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.