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Senator Hawley accuses CF Industries of price gouging as urea surges 32%
Senator Josh Hawley has accused CF Industries Holdings Inc. and other fertilizer companies of price gouging due to a 32% increase in urea prices within 12 days, amidst supply disruptions from the Iran conflict. Hawley sent a detailed letter to CF Industries’ CEO, demanding answers and transparency regarding pricing strategies and communications with competitors, warning of investigations if prices are found to be inflated beyond market justification. This accusation comes during the critical spring planting season for American farmers and coincides with an ongoing Department of Justice antitrust investigation into the highly concentrated fertilizer industry.