Food prices could continue to soar due to fertilizer shortage, says expert – By The Current (CBC Radio) / May 9, 2022
Professor Evan Fraser says that with farmers paying more for fertilizer, consumers will feel the pinch
Farmers across Canada and the world are running into a shortage of fertilizer, and according to Evan Fraser, this will disrupt the global food supply and mean higher prices for consumers.
“We face a cascading series of problems that are rippling out of the Ukraine, exacerbated by climate change and the supply chain challenges associated with the pandemic,” Fraser told host Matt Galloway on The Current. Fraser is the director of the Arrel Food Institute and a professor of Geography at the University of Guelph.
“This will crush farming in many regions of the world, especially in places like Africa.”
Fertilizer is one of a farmer’s main costs, and prices have reached an all-time high. That’s putting more pressure on farmers to either pay big bucks or find alternatives, said Fraser.
