CF Industries CEO Tony Will - "We forecast global yield declines due to fertilizer shortages."

“I want to say loudly and clearly right now that we run the risk of a very low yield in the next harvest,” said Svein Tore Holzeter, CEO and President of Yara, Oslo. "I'm afraid we're going to have a food crisis." “Last summer, it cost $ 110 to produce a ton of ammonia,” Holzeter said. “And now it's $ 1,000. It's just incredible. " "Most likely we will face hunger (in some places)"

Yara accounts for about a third of the world's ammonia production, which is also used for the production of fertilizers. Due to the energy crisis, the concern reduced the production of nitrogen fertilizers only in Europe by 40%

Nitrogénművek Zrt owner Laszlo Big says there is an acute shortage of fertilizers on the market. "There will be a significant shortage of goods on the fertilizer market, and there will be a situation all over the world when there will be a shortage of fertilizers." According to Laszlo Biguet, "the amount lost (due to production interruptions around the world) can no longer be recovered, so there may soon be a serious shortage on the market." "Those who do not buy fertilizers now will not be able to do so early next year." According to the businessman, the entire volume currently being produced has already been purchased by Asian buyers.

There are also enough problems with potash and phosphate fertilizers. The wild growth in prices did not pass, and these types of fertilizers - 2-4, or even more times. This will force many to reduce the addition of fertilizer, which, of course, will reduce yields.

The world's two leading fertilizer producers expect fertilizer prices to continue to rise. Mosaic Co. and Nutrien Ltd. further price increases are predicted. Record fertilizer prices raise fears that farmers will begin to reduce or eliminate their use.