Europe’s energy woes hit fertilizers in another threat to food
Current high prices of energy in Europe, both on gas and electricity, continue to inflate costs for a range of associated commodities. The fertilizer industry, dependent on gas-powered ammonia production, is being hit hard and the squeeze could trigger higher food prices.
By Lars Paulsson, Bloomberg News
Europe’s energy crisis is spreading to the fertilizer industry, threatening to tighten food supplies and push prices even higher.
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