FERTILIZER COLLAPSE: Chemical giant BASF to slash ammonia production in Germany amid natural gas crisis, reducing nitrogen-based fertilizer supply

As Germany’s natural gas supply runs dry, major corporations that use it such as chemical giant BASF are having to pay more for what they can get while also drastically cutting production. BASF reportedly had to pay an additional 800 million euros (about $809.5 million) in the second quarter compared to a year earlier while slashing … Continue reading FERTILIZER COLLAPSE: Chemical giant BASF to slash ammonia production in Germany amid natural gas crisis, reducing nitrogen-based fertilizer supply