Wheat (image courtesy Unsplash)
(ZEROHEDGE) – More than six months into the Russian invasion of Ukraine, the global fertilizer crunch threatens to starve a planet as prices are too high for some farmers ahead of the next planting season.
That's the view of Maximo Torero, chief economist from the Food & Agriculture Organization (FAO) of the United Nations (UN), who told Bloomberg TV that elevated fertilizer prices could decrease global grain production by upwards of 40% in the next planting season.
Combine food supply chain disruptions due to the war in Ukraine and crop failures worldwide due to extreme weather – ramping up food production with reduced fertilizer next planting season via key exporting countries could be challenging.
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