Canadian RR Strike Grinds NA Fertilizer Shipments to a Halt
Mar 23, 2022 22:02:26 GMT -5
Post by OmegaMan on Mar 23, 2022 22:02:26 GMT -5
Thousands of Canadian Pacific Rail Workers strike, grinding fertilizer shipments to a halt for all of North America
Wednesday, March 23, 2022 by: Ethan Huff
Tags: Canada, Collapse, CP Rail, famine, fertilizer, food, logistics, Plandemic, Planting, starvation, strike, trains, transportation, union, Zero Hedge
(Natural News) The fertilizer crisis just got a whole lot worse after 3,000 Canadian Pacific Rail Workers walked off the job, leaving fertilizer shipments stranded.
Thousands of CP Rail conductors, engineers, train, and yard workers represented by the Teamsters Canada Rail Conference decided to strike after the union and the rail company failed to strike a deal. This could result in a shortage of fertilizer and other needed farm supplies ahead of the spring growing season.
“CP Rail is the leading carrier of potash, a potassium-rich salt mined from underground deposits formed from evaporated sea beds millions of years ago, used to support crop development,” reported Zero Hedge.
“In prior investor documents, the rail company said it hauls 70% of the potash produced in North America, all from mines in Canada. The railroad also carries fertilizers, including phosphate, urea, ammonium sulfate, ammonium nitrate, and anhydrous ammonia.”
Any disruption in CP Rail’s operations, in other words, could be devastating for North American farmers, including those in the United States who are just about to start planting for the spring season.
“The work stoppage may exacerbate existing supply chain bottlenecks in North America stemming from COVID,” the report adds.
“The agricultural sector can’t afford any more disruptions as Western economic sanctions on Russia and Belarus, two major fertilizer producers, have unleashed higher prices globally and shortage fears.”
The last time Canadian potash prices were this high was when the markets crashed in 2008-09
The Teamsters Canada Rail Conference says it tried to continue bargaining with CP Rail, but that the company “chose to put the Canadian supply chain and tens of thousands of jobs at risk.”
Continued at link
Wednesday, March 23, 2022 by: Ethan Huff
Tags: Canada, Collapse, CP Rail, famine, fertilizer, food, logistics, Plandemic, Planting, starvation, strike, trains, transportation, union, Zero Hedge
(Natural News) The fertilizer crisis just got a whole lot worse after 3,000 Canadian Pacific Rail Workers walked off the job, leaving fertilizer shipments stranded.
Thousands of CP Rail conductors, engineers, train, and yard workers represented by the Teamsters Canada Rail Conference decided to strike after the union and the rail company failed to strike a deal. This could result in a shortage of fertilizer and other needed farm supplies ahead of the spring growing season.
“CP Rail is the leading carrier of potash, a potassium-rich salt mined from underground deposits formed from evaporated sea beds millions of years ago, used to support crop development,” reported Zero Hedge.
“In prior investor documents, the rail company said it hauls 70% of the potash produced in North America, all from mines in Canada. The railroad also carries fertilizers, including phosphate, urea, ammonium sulfate, ammonium nitrate, and anhydrous ammonia.”
Any disruption in CP Rail’s operations, in other words, could be devastating for North American farmers, including those in the United States who are just about to start planting for the spring season.
“The work stoppage may exacerbate existing supply chain bottlenecks in North America stemming from COVID,” the report adds.
“The agricultural sector can’t afford any more disruptions as Western economic sanctions on Russia and Belarus, two major fertilizer producers, have unleashed higher prices globally and shortage fears.”
The last time Canadian potash prices were this high was when the markets crashed in 2008-09
The Teamsters Canada Rail Conference says it tried to continue bargaining with CP Rail, but that the company “chose to put the Canadian supply chain and tens of thousands of jobs at risk.”
Continued at link