Experts forecast rise in food prices as fertilizer costs are up

The U.N. Food and Agriculture index shows food prices are at an all-time high, but experts predict the war in Ukraine is about to make matters a lot worse largely due to the supply and demand of fertilizer.

Nathan Carson, VP of Operations at Chemical Dynamics: "We're not going to see stabilization in the markets till probably close to 2024. And even then it's going to take several years beyond that before we really see prices begin to normalize.”

"This year, we've seen dramatic increases in all of our inputs,” said Michelle Williamson, Director of Operations at G & F Farms, a generational strawberry farm in Dover. "We're feeling the pinch everywhere, fuel costs and everything else,” she said, “Fertilizer prices, in particular, this year, we've seen an increase of about 40%."

Source: abcactionnews.com


Photo source: Dreamstime.com


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