VOICED : El encarecimiento del gas en Europa puede provocar escasez de fertilizantes

The transcript discusses the impact of the Ukraine invasion on global gas prices, leading to a potential shortage of fertilizers. This could result in increased food prices and hunger. In Europe, NPK fertilizers are at historic price levels due to their dependency on gas, which is 90% of the production cost for nitrogen-based fertilizers like ammonia and urea. As Russia restricts gas supplies, European fertilizer manufacturers have halted ammonia production, a situation not seen since the 2008 financial crisis.

What is the potential global impact of the increased gas prices due to the Ukraine invasion?

• An increase in gas production

• A decrease in food prices

• A surplus of nitrogen-based fertilizers

• A global shortage of fertilizers

Why are NPK fertilizers in Europe at a historic price level?

• They are no longer in demand

• They are not affected by gas prices

• They are indexed to the price of gas

• They are produced using renewable energy

What percentage of the production cost for nitrogen-based fertilizers is constituted by gas?

• 50%

• 70%

• 90%

• 100%

How are European fertilizer manufacturers responding to the rising gas prices?

• Increasing production of ammonia

• Reducing fertilizer prices

• Switching to alternative energy sources

• Halting ammonia production

When was the last time a similar situation to the current fertilizer production halt occurred?

• During the 1990s

• In 2020

• In 2015

• During the 2008 financial crisis