After Russia invaded Ukraine, we saw prices for fertilizer just go nuts. A fifth of the world's fertilizer is in this country that now everybody is sanctioning. So where do we make up for those nutrients and how do we continue to feed people? If fertilizer prices are super expensive, then that means that it is way more expensive even if you can get fertilizer to grow crops.
One unexpected consequence of Russia’s invasion of Ukraine: It highlighted how just a handful of countries–notably Russia and China–supply much of the fertilizer needed to feed the world. Amid geopolitical tensions and humanitarian concerns, the race for fertilizer has become a priority for the U.S. and its allies.
Bloomberg reporter Elizabeth Elkin joins this episode to talk about how concerns about fertilizer shortages have nations looking for alternatives.
Read more: https://bloom.bg/3KUmT62
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK
Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.
See omnystudio.com/listener for privacy information.