Global agricultural prices have risen by more than 20 percent, a surge caused by expanded demand and a sudden rise in fertilizer prices. These hikes seriously undermine food security, especially in the developing world.
In an interview with Gomand, a farmer living in Belgium, Gregoire Lory, a journalist, discusses how global fertilizer prices are skyrocketing due to the ongoing crisis in Ukraine.
Commercial fertilizer prices have reached record highs. “Fertilizers that we paid between €150 and €200 (per ton) a year ago are now at €800. It is a cost that is exorbitant. And on top of that, there is a shortage! So we must add, I mean, to the much higher cost, the material is scarce, of the goods”. Gomand told Euronews.
A renewed sense of global cooperation is needed to confront the horrors of famine and food crises that may be arising. The voices calling for action in these troubled times are growing louder, but most are only echoing pleas heard before.
The ministry of agriculture in Brussels is taking industry action plans with the European commission to cushion the threatening effect of this crisis on economic balance.