Iran War Drives Global Fertiliser Prices Up, Raising Food Cost Fears MUNICH, March 28 (Bernama-dpa) – The war in Iran has resulted in a 30 to 40 per cent spike in the cost of mineral fertiliser since the start of the year, threatening international food prices, German Press Agency (dpa) reported, citing German experts. “World market prices for nitrogen fertiliser are increasingly approaching the peak levels we saw at the start of Russia’s war against Ukraine [in February 2022],” said Philipp Spinne, managing director of the German Raiffeisen Association (DRV). In Europe, however, consumers have not yet directly felt the effects because many farmers had already purchased their spring fertiliser before […]

Iran War Drives Global Fertiliser Prices Up, Raising Food Cost Fears #IranWar #FertiliserPrices #FoodCost #GlobalEconomy #Agriculture