The United States could face a food crisis if there is a shortage of fertilizers on the global market. Jeff Steir, an advisor to the American think tank Heartland Institute, wrote this in a column for The Wall Street Journal, APA reports.
"China, Russia, and Iran control the global fertilizer market. This could lead to sky-high food prices," he believes. Styre writes that the Ukrainian conflict, China's reduction in fertilizer exports, and the disruption of shipping in the Strait of Hormuz are leading to unstable fertilizer prices.
The expert believes that the US administration should strengthen the domestic fertilizer supply chain and increase domestic oil and gas production. "Natural gas is a critical feedstock for nitrogen fertilizers, and oil and gas refining produces a significant amount of sulfur, which is essential for phosphate fertilizers. Energy security and food security are inseparable," he concluded.
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