Just like that: European Fertilizer production down 70%

The vainglorious shunning of gas production in Europe in quest for weather salvation will hurt the world’s poor the most. As Europe scrambles to replace the astonishing loss of 70% of their own fertilizer production they will be competing to import fertilizer from stretched markets around the world.

The price rises in gas, fertilizer and next year in food, will hurt the poorest of the poor far more than the theoretical temperature rise ever could. Thank the EU. Thank the Greens.

Click to enlarge: It’s a wipeout

Higher gas prices deepen Europe’s fertiliser crunch, threaten food crisis

Europe’s fertilizer crunch is deepening with more than two-thirds of production capacity halted by soaring gas costs, threatening farmers and consumers far beyond the region’s borders.

As Europe becomes a net importer of fertilizer, the fallout from the supply crunch will spread. The region will start competing for scarce supplies with poorer nations, especially in Africa, where food insecurity is exacerbated by persistent droughts and conflict.

These prices cause third degree burns:

Fertiliser shortage threatens farming, food security in Europe

According to the CRU Group, a business intelligence firm specialising in commodities, fertiliser producers in the EU […]

via JoNova

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September 25, 2022 at 03:20PM

One thought on “Just like that: European Fertilizer production down 70%”

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