Food Might Get a Lot More Expensive Still
👉 Since the beginning of 2022, natural gas prices, as well as agricultural fertilizers prices, have significantly increased
👉 The most used fertilizer is the Urea fertilizer. It is produced using natural gas and raw urea. It is heavily used to grow wheat and rice, which in turn are key ingredients for bread, cereals, pasta and many more. In essence, which could mean that our everyday diet could be at stake.
👉 With both natural gas and urea reaching all-time highs, many producers have reduced or stopped manufacturing, which could result in less food being available on the market. This comes on top of a challenging wheat delivery situation in Ukraine.