October 6, 2022

UN Food Official Warns Fertilizer Affordability Crisis Could Reduce Global Grain Production By 40%

A lot more than six months into the Russian attack of Ukraine, the  worldwide fertilizer crunch threatens  to starve a planet since prices are too high for a few farmers ahead of the next planting season.   That’ s the particular view of Maximo Torero, chief economist from the Meals & Agriculture Organization (FAO) of the United Nations (UN), who else told Bloomberg TV that […]#@@#@!!

More than 6 months into the Russian invasion of Ukraine, the  global fertilizer crunch threatens   to starve a planet as prices are very high for some farmers in front of the next planting season.  

That’s the look at of Maximo Torero, chief economist from the Food & Agriculture Organization (FAO) from the United Nations (UN), who told Bloomberg TV that elevated fertilizer prices could decrease global grain production simply by upwards of 40% in the next early spring.  

Combine food supply chain disruptions because of the war in Ukraine and  crop failures   worldwide due to intense weather — ramping up food production with reduced fertilizer next planting season through key exporting countries might be challenging.  

High fertilizer prices are  expected to shrink the world’s rice production . The grain feeds half of humanity and is vital just for political and economic balance across Asia and Sub-Saharan Africa. Supply disruptions could spark social instabilities within those areas of the world. We  outlined   the risk of unrest is higher over the next six months.  

Other EL officials in recent weeks have stepped up warnings about the affordability crisis of fertilizer. Prices in United states have come off the highs but remain 220% above amounts in early 2020.  

The African Development Bank warned the continent lacks 2 mil metric tons of fertilizer.  

“ We are really starting to yell from every tower system that there’s a fertilizer crisis … and the fertilizer turmoil is enormous, ” one particular UN official who talked on the condition of anonymity told  Politico .  

Artificial fertilizers contain three primary ingredients: nitrogen, phosphorus, and potassium. Maqui berry farmers use the final product to boost crop yields — if prices remain elevated because of shortages, fewer fertilizers will be used, and harvests next season will shrink, ongoing a multi-year food turmoil that might only worsen.  

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