Fertilizer is an essential component in modern agriculture, providing vital nutrients to crops that help them grow healthy and abundant. Without fertilizer, soil can become depleted of key nutrients such as nitrogen, phosphorus, and potassium, leading to reduced crop yields and lower-quality produce.
Until now, how energy and fertilizer price rises and export restrictions affects future global food prices was poorly understood. There has also been little analysis to quantify the scale of harm that hikes in the price of food could have on human nutritional health and the environment. Export restrictions account for only a small fraction of the simulated price rises, the team says. Halting exports from Russia and Ukraine would increase food costs in 2023 by 2.6 percent, while spikes in energy and fertilizer prices would cause a 74 percent rise.The findings suggest there could be up to one million additional deaths and more than 100 million people undernourished if high fertilizer prices continue.
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