(ZEROHEDGE) – Fertilizer, the lifeblood of agriculture and a key input in global food production, is currently in high demand. However, as Visual Capitalist's Tessa Di Grandi and Sarbrina Fortin explain below, a notable supply shortage could trigger a domino effect of harmful consequences, if not addressed.
Recent supply chain disruptions, initially caused by the COVID-19 pandemic and later exacerbated by the onset of the war in Ukraine, have been causing fertilizer prices to skyrocket. Although these prices have slowly begun to cool, they are still hovering significantly above their pre-pandemic levels.
Long-term prices are expected to be driven by the growing global population and evolving patterns in agricultural productivity.
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