This sounds like exaggeration or media hype to me, just because the cheapest producer of the material has been knocked out doesn’t mean the capacity for other countries to make more isn’t there
Markets are elastic, that’s part of how capitalism works, we compete against each other to sell a product and if the cheapest producer of goods in the market is out and prices go up then that gives others an incentive to come in and compete
In particular it would be good to see green ammonia expanded and higher prices may be just the incentive needed to push it along
I also highly doubt there will be any major famines out of this
This sounds like exaggeration or media hype to me, just because the cheapest producer of the material has been knocked out doesn’t mean the capacity for other countries to make more isn’t there
Markets are elastic, that’s part of how capitalism works, we compete against each other to sell a product and if the cheapest producer of goods in the market is out and prices go up then that gives others an incentive to come in and compete
In particular it would be good to see green ammonia expanded and higher prices may be just the incentive needed to push it along
I also highly doubt there will be any major famines out of this
There’s also the point that shipping is still active in SoH. With Iran’s permission. So far customers buying protection rather than GCC suppliers.