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 new insight or understanding did you gain from this video?