The Fertilizer Shortage Will Persist in 2023

New year, same shortage of fertilizer.  The fertilizer crisis that has been steadily growing since 2021—when the World Bank reported a 66-percent increase in the price of fertilizer, thanks to shortages—is likely to persist throughout 2023, according to a study by the Food and Agriculture Organization of the United Nations (FAO) along with the World Trade Organization (WTO). The shortage of the vital agricultural input stems from a combination of pandemic-fueled supply chain issues, Russia’s war in Ukraine—both major exporters of agricultural commodities such as fertilizers and the compounds used to make them—and high inflation. The resulting market leaves fertilizer