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In an interview with CGTN, Food and Agriculture Organization Chief Economist Maximo Torero says soaring natural gas and oil prices have driven fertilizer costs up by as much as 50%, and that the real impact will hit the next planting season. He says it could trigger dramatic inflation in food costs in the second half of this year and beyond.
In an interview with CGTN, Food and Agriculture Organization Chief Economist Maximo Torero says soaring natural gas and oil prices have driven fertilizer costs up by as much as 50%, and that the real impact will hit the next planting season. He says it could trigger dramatic inflation in food costs in the second half of this year and beyond.