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The boss of the world's largest fertiliser producer says gas prices are responsible for higher food prices.
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olasunkanmi bada's curator insight,
November 30, 2021 1:58 AM
Inflation affects people in different ways. #gasprices
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I heard this interview on the Today programme before 7am, when the head of Yara International suggested that higher gas prices were having an effect on fertiliser production.
I'd never given any thought to the fact that the two are complements, but the latest rises in wholesale gas prices have meant that some fertiliser plants have shutdown and the price of fertiliser has risen. This means that the poorest are less able to afford fertiliser and may face food shortages in the year ahead.
Yet more headwinds facing the global economy, it would seem.