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Food Shortages Loom as Russia Bans Fertilizer Exports and Hungary Bans Grain Exports
The US will be affected by Russia’s ban on exporting fertilizer. Iowa corn and soybean farmer Ben Riensche predicted that food prices will increase in the US by $1,000 per month due to a 30% to 40% increase in the cost of growing major crops. Nitrogen, phosphorous and potassium prices have also risen.