Fertilizer Issues News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> reporter: the federal reserve just made history announcing that they're raising interest rates by 3/4 of a percentage point for the second meeting in a row. we haven't seen anything like that in back to back meetings in modern fed history, but we're not in nor times. we're dealing with the worst inflation inflation prices in 40 years. inflation remains elevated due in part to russia's invasion of ukraine and very high food and energy prices. so the fed is stepping in and acting like the firefighter. they're trying to put this inflation fire out. the goal here is to raise borrowing...

>> i like the firefighter metaphor. i get it. that one makes sense. dylan, do you think there was a different way to put out this fire, a better way? >> well, i mean, again, when you're fighting a fire to stay with the met metaphor, you need everything you can get. two things, rates are the obvious thing. the second thing is to distinguish between the war and the sanctions because the sanctions and the war are not the same thing, and the sanctions to the degree to which they can be modified in a way that they provide less stress in europe and the united states and more stress on russia, which ...

The public comment period on fertilizer industry issues has been extended until July 15th.

The meeting was briefed that the urea production in the three-year tenure of the government surpassed 6.1 million tons, 440,000 bags per day which prior to 2018 never crossed 5.5 million tons, 370,000 bags per day.