Axios published an article that the rolling crises of the past few years rendered visible so many vital commodities that plenty of us never gave much thought — nickel, silicon chips, lumber. The latest entrant into this camp: Fertilizer. Skyrocketing fertilizer costs — like those made from nitrogen, phosphorus, and potassium (NPK) — are driving up food prices and, worse, threatening food security around the globe. Prices for NPK were up 125 percent in January from a year before, and rose another 17 percent from the beginning of the year to March, according to data compiled by IFPRI. The article also published a figure by IFPRI on the “World fertilizer price index.”
Soaring fertilizer prices put global food security at risk (Axios)
May 06, 2022