Formic acid has a molecular structure characterized by a single carbon atom bonded to both a hydroxyl group (-OH) and a carbonyl group (C=O), making it a potent carboxylic acid. The chemical formula HCOOH indicates that it consists of two hydrogen atoms, two oxygen atoms, and one carbon atom. It is a colorless, corrosive liquid with a pungent odor, and it is highly soluble in water, alcohol, and ether. The presence of both a carbonyl and a hydroxyl group contributes to its reactivity, making formic acid a valuable intermediate in organic synthesis.
In addition to raw material costs and supply chain complexities, agricultural policies can significantly impact fertilizer prices. Subsidies, tariffs, and trade agreements shape the economic landscape for fertilizer production and distribution. For example, when countries implement tariffs on fertilizer imports to protect domestic production, this can lead to higher prices for farmers reliant on foreign supplies. Conversely, subsidies aimed at reducing input costs can support farmers but may strain government budgets and lead to market distortions.