India Today published an article that said that the food crisis will worsen by the day and costlier fertilizers will fuel it. According to IFPRI, prices for nitrogen, phosphorus, and potassium (NPK) were up 125 percent in January from the year before. They rose another 17 percent from the beginning of the year to March. Urea prices have surpassed their 2008 peaks, while phosphates and potash prices are closer to 2008 levels. (See IFPRI blog post, High fertilizer prices contribute to rising global food security concerns).
The food crisis will worsen and costlier fertilisers are the reason (India Today)
May 31, 2022