The war has pushed up the price of natural gas, a key ingredient in fertilizer, and has led to severe sanctions against Russia, a major exporter of fertilizer.
in Middle Eastern, African and some Asian countries where millions rely on subsidized bread and cheap noodles.
America's economic recovery is a rosier picture by the month. However, it doesn't feel so rosy for many Americans due to inflation. Greek farmer Dimitris Filis, who grows olives, oranges and lemons, said “you have to search to find’' ammonia nitrate and that the cost of fertilizing a 10-hectare olive grove has doubled to 560 euros . While selling his wares at an Athens farm market, he said most farmers plan to skip fertilizing their olive and orange groves this year.
As the growing season approaches in Maine, potato farmers are grappling with a 70% to 100% increase in fertilizer prices from last year, depending on the blend. Other countries are hoping to help fill the gaps. Nigeria, for example, opened Africa’s largest fertilizer factory last month, and the $2.5 billion plant has already shipped fertilizer to the United States, Brazil, India and Mexico.
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