Factories aren’t built overnight. Chemical processing equipment needs to be designed, ordered, built, and shipped. Capitalists need to be assured their return on capital, and this is still viewed as a temporary setback. Why spend a few billion to build a factory that might not be needed by the time it’s finished?
Production capacity of 1/4 of the world’s fertilizer is not something we just keep turned off. I expect there will be a lot of extra shifts but the price, make no mistake, will be significantly higher. Farmers won’t plant certain crops, market prices will go up, and some people will go hungry.
Factories aren’t built overnight. Chemical processing equipment needs to be designed, ordered, built, and shipped. Capitalists need to be assured their return on capital, and this is still viewed as a temporary setback. Why spend a few billion to build a factory that might not be needed by the time it’s finished?
Production capacity of 1/4 of the world’s fertilizer is not something we just keep turned off. I expect there will be a lot of extra shifts but the price, make no mistake, will be significantly higher. Farmers won’t plant certain crops, market prices will go up, and some people will go hungry.