• Food prices about to soar

    6 days ago - By RT

    A worldwide shortage of nitrogen fertilizer used to boost crop yields may affect next year's food prices.
    Global prices of nitrogen fertilizer are at their highest levels in over a decade. The crop nutrient's sales amounted to $53 billion last year. Prices are at least 80% higher so far this year, according to Argus Media.
    Nitrogen-based fertilizers are obtained from natural gas, and higher costs for the fuel have caused producers to slash output, driving the nutrients' prices upward.
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