Analytics

Rising Fertilizer Prices Increase Risks of Global Food Inflation

The New York Times notes that the ongoing conflict surrounding Iran is disrupting global fertilizer supplies, which, amid rising energy prices, is increasing costs for the agricultural sector and creating risks of food inflation and shortages in a number of countries.
Rising Fertilizer Prices Increase Risks of Global Food Inflation
One of the biggest economic casualties of the U.S.-led war in Iran has been the global fertilizer supply. Shipments of it have piled up on the wrong side of the Strait of Hormuz. In India, Algeria and Slovakia, fertilizer plants have shut down or slowed their output because of rising natural gas prices. China has restricted fertilizer exports. Australian wheat... ...

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