This has resulted in 149% increase in the price of these products for EU farmers in September 2022 compared with September 2021.
Fertilisers play a significant role for food security. Fertilisers can be mineral or organic. Their main nutrients are nitrogen, phosphorus and potassium. The EU depends on imports for 30%, 68% and 85% of its consumption of inorganic nitrogen, phosphates and potash nutrients respectively. Furthermore, at the peaks of gas prices this summer, gas had...
peaks of gas prices this summer, gas had come to account for up to 90% of the variable production cost of nitrogen fertilisers
The increase in prices has led farmers to buy and use lower quantities of fertilisers on their crops and to the temporary reduction of the EU’s own production. Fertiliser shortages can have short-term effects on yield. Lower agricultural yields mean less food.
increases dependence on imports and market volatility exposes EU farmers and the European fertiliser sector
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