President Donald Trump said on Thursday that he is considering support for U.S. farmers struggling with high fertilizer prices, as rising energy costs and market volatility continue to squeeze producers across the farm belt.
“I am looking at doing a form of help,” Trump told reporters at the White House, without giving details.
Farmers face pressure from fertilizer and fuel costs, both of which have been affected by the conflict with Iran and disruption around the Strait of Hormuz, a key route for global energy and fertilizer trade.
Fertilizer prices have eased from recent highs, with granular urea prices in New Orleans falling to $453.50 per short ton, their lowest level since Feb. 6, reported Bloomberg Green Markets on June 8….