FAO warns of a wave of food inflation due to high fertilizer prices
Warned of the United Nations from escalating inflationary pressures in global markets, as a result of the sharp rise in , with , especially those linked to energy markets.
The organization’s chief economist Maximo Torero Colin explained that fertilizer markets are witnessing noticeable increases in prices, driven by rising costs of key inputs such as natural gas and sulfur.
Rising fertilizer prices
He pointed out that the rise in oil and gas prices has been directly reflected in urea prices.
He stressed that these developments may negatively affect agricultural production globally, which may In turn, this leads to higher food prices and increased pressure on food security, especially in the most fragile countries.
Fertilizer exports
Torero called for adopting coordinated measures at the international level to reduce these repercussions, including avoiding restrictions on fertilizer exports, enhancing transparency in markets, and providing the necessary support and financing to farmers.
He also stressed the importance of diversifying energy sources and developing a more sustainable infrastructure to reduce price fluctuations in the future.
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