Facebook Twitter Instagram
    Trending
    • Drop the R in HR to Build a People Centric Organization
    • The Dark Side of Corporate and the Job Satisfaction Epidemic
    • Why Omnichannel Strategy is the Need of the Hour
    • How to Add Copyright & Current Year in the Website Footer
    • How ChatGPT has taken the Tech World by Storm
    • What is a CDP & how to Create a Solution with Salesforce
    • What is Salesforce CDP and its main Features ?
    • How to Create 360 Customer View with Identity Resolution
    Facebook Twitter LinkedIn Pinterest RSS
    Retail MarTech AI
    Leaderboard Ad
    • Home
      • About Us – Aggregators & Classifiers
      • Contact Us
      • Editor’s Picks
      • Jobs
      • Internship
      • Write for Us
    • Topics
      • Failure Stories
        • Startup Failure Stories
        • Business Failure Stories
        • Strategy Failure Stories
        • Marketing Failure Stories
        • Product Failure Stories
        • Rise and Fall Stories
      • Startups
        • Idea Pitch
        • Startup Fund Raising
        • Startup Success Stories
      • Energy
        • Energy Crisis
        • Recycling
        • Waste
        • Renewable
        • Solar Power
        • Solar Vehicles
        • Wind Power
        • Wind Turbine
        • Electric Power
        • Electric Vehicles
        • HydroPower
      • Engineering
      • FIRE Stories
      • Organization
        • Outsourcing
        • Management
        • Organizational Behavior
        • Human Resources
      • Economy
        • World Economy
        • Demand and Supply
        • GDP
        • Inflation
        • Recession
        • Commodity
        • Globalization
      • Sustainable Living
      • Airlines
      • Water
      • Agriculture
      • Railway
      • Automotive
      • Media
      • Trends
        • Top Industry Trends
        • Top Trends in Media
        • Top Technology Trends
        • Emerging Fields
      • Visa
        • Immigration
        • USA
        • H1B Visa
        • Canada
        • Austria
        • Estonia
        • India
        • Singapore
    • Learn
      • Languages
        • Learn German
          • German Dialogue
          • Day to Day German
          • Email Writing
          • German Stories
          • German Grammar
          • German Nouns
          • Cases and Articles
          • German Tenses
          • German Verbs
          • German Adjectives
          • German Pronouns
        • Learn French
      • How To Create
        • WordPress Website
        • Online Payment Link
        • Online Teaching Videos
      • Learn Programming
        • Mobile App Development
          • Flutter
          • MongoDB
        • Web Development
        • Full Stack Development
      • Data Science Online
        • Statistics Online
        • Python
        • R Programming
        • SAS
        • Marketing Analytics
        • Big Data Online
          • Hadoop
          • MapReduce
          • Apache Pig
          • Apache Hive
          • Apache Spark
      • Work Life Balance
      • How it is Made
      • How Things Work
      • DIY (Do It Yourself)
      • IQ Test
    • Retail
      • History of Retailers
      • Success Stories
      • Failure Stories
      • Retailers
        • Supermarkets
        • Grocery Stores
        • Brick and Mortar
      • Retail Technology
        • AI Retail
        • IOT Retail
        • AR Retail
        • Big Data Retail
        • Blockchain Retail
      • Retail Marketing
        • Retail Marketing Strategy Guides
        • In-Store Marketing
        • Out of Store Marketing
        • Digital Marketing
      • Retail Management
        • Store Design
        • Top Retail Ads
      • Omnichannel Retail
      • Supply Chain
        • Supply Chain Guides
        • Warehouse
        • Procurement
        • Logistics
        • Manufacturing
        • Supply Chain Crisis
      • Retail Shipping
      • E-Commerce
      • Shopping
      • Fashion
    • Marketing
      • Brand
      • Pricing
        • Pricing Strategy
        • Pricing Analytics
        • Price Optimization
        • Price Elasticity
      • Marketing Mix
      • Customer
        • Customer Service
        • Customer Experience
        • Customer Lifetime Value
        • Customer Acquisition
        • Customer Retention
        • Customer Journey
        • Customer Engagement
      • Marketing Technology
        • Digital Transformation
        • Digital Marketing
          • Website Marketing
          • Email Marketing
          • SMS Marketing
          • Social Media Marketing
          • Search Engine Optimization
        • Customer Tools
        • Digital Attribution
      • Advertising
      • Promotion
      • Marketing Strategy
      • Mobile Marketing
      • Neuromarketing
    • Technology
      • Internet
      • Information Technology
      • Customer Data Platform
      • Artificial Intelligence
        • ChatGPT
        • Robotics
        • Internet of Things (IOT)
        • Self Driving Cars
      • Blockchain
        • Web3
        • Crypto
        • Metaverse
        • Dapps
        • Blockchain Guides
      • Analytics
      • Big Data
      • Tech Videos
      • Tech Failures
      • 3D Printing
        • 3DP Guides
        • 3DP Slicer
        • 3DP Tuning
        • 3DP Processes
        • 3DP Applications
      • Battery
      • Smart Cities
        • Green Places
        • Smart Grid
        • Smart Energy
        • Smart Mobility
        • Smart Home
      • Databases
      • Operating Systems
    • Education
      • Schools and Universities
      • Aptitude Tests
        • Learning Guides
        • Mensa IQ Tests
        • Abstract Reasoning
        • Logical Reasoning
        • Diagrammatic Reasoning
        • Spatial Reasoning
        • Raven’s Progressive Matrices
        • Puzzles
      • Kids Learning
      • Free Online Learning
      • Exams and Tests
        • TOEFL
        • SAT
        • LSAT
        • GMAT
        • CAT
      • Interview Questions
      • Education Technology
    • Business
      • Learning Videos
      • So Expensive
      • Do What You Love
      • Finance
      • Entrepreneurship
      • Innovation
      • Rags to Riches Stories
      • Success Stories
      • Venture Capital
      • Leaders’ Talks
      • Silicon Valley
      • Business Model
    Retail MarTech AI
    You are at:Home » The Ultimate Story on the Rising Food Prices

    The Ultimate Story on the Rising Food Prices

    0
    By AM on September 21, 2022 Inflation

    Learn What Else is Making Food So Expensive

    What Else is Making Food So Expensive

    The United Nations’ worst-case scenario calculation is that food prices will rise by an additional 8.5% by 2027. Part of those higher costs is due to more expensive fertilisers as some have seen 300% price spikes over the past year, according to the American Farm Bureau.

    Farmers may be forced to pass those costs along to customers, resulting in higher grocery prices. Fertiliser is essential for crops. Without fertiliser, plants may not get the nourishment they need to result in the yields necessary to feed the global population.

    According to the International Fertiliser Association, we would only be able to feed about half of the global population without fertiliser. Watch the video above to learn more about why the world is faced with a fertiliser crisis, supply chain woes, climate change impact and potential solutions on the horizon.

    “Last year [fertiliser] was around $270 per ton and now it’s over $1,400 per ton,” Meagan Kaiser, of Kaiser Family Farms and farmer-director of the United Soybean Board, told NBC’s “Nightly News with Lester Holt.” “It’s scary. It turns my stomach a little bit to think about the amount of risk that our family farm is taking right now.” Farmers are trying to adjust to this new normal.

    When surveyed in spring 2022 about what they intended to plant, farmers said they were turning to more soybean, according to U.S. Department of Agriculture data, or a record 91 million acres of the legume. That may be because legumes don’t require as much fertiliser as corn to grow.

    Spikes in fertiliser prices started when Russia invaded Ukraine in 2022. “It’s amazing how dependent the world is on fertilisers from the region that we’re talking about Russia and Ukraine,” Johanna Mendelson Forman, adjunct professor at American University’s School of International Service, told CNBC.

    The region is responsible for at least 28% of the world’s fertiliser exports, including nitrogen-, potassium- and phosphorus-based fertilisers, according to Morgan Stanley. Also factoring into price spikes are rising natural gas costs. “There’s a direct relationship with what we’re seeing in fuel prices and fertiliser prices,” Jo Handelsman, director of the Wisconsin Institute for Discovery at the University of Wisconsin-Madison, told CNBC. That’s because fossil fuels are used in the manufacturing process of fertilisers — and is one of the reasons that they can contribute to climate change.

    Plus, if farmers overuse fertilisers, the chemicals can run off into waterways, causing environmental damage, pollution and illnesses. “I’m not saying that the fertiliser is bad … our soil naturally has nutrients,” Ronald Vargas, secretary of the Global Soil Partnership for the United Nations. “If [soil] is naturally depleted, then you need to find a way to make those nutrients available.”

    CNBC

    View, Read and Learn More Here:

    • Retail Failure Stories
    • Retire Early
    • Supply Chain
    • Energy
    • Artificial Intelligence
    • E-Commerce
    • Retail Shipping
    • Rags to Riches Stories
    • Retail Success Stories
    • Travel Food Culture
    • Contact Us
    • About Us
    Rising Fertilizer Costs Rising Food Prices
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    AM
    • Website

    AM, The Founder and CEO of RetailMarketingTechnology.com is an Entrepreneur & Business Management Professional with 17+ Years Experience and Expertise in many industries such as Retail, Brand, Marketing, Technology, Analytics, AI and Data Science. The Industry Experience spans across Retail, FMCG, CPG, Media and Entertainment, Banking and Financial Services, Media & Entertainment, Telecom, Technology, Big Data, AI, E-commerce, Food & Beverages, Hospitality, Travel & Tourism, Education, Outsourcing & Consulting. Currently based in Austria and India

    Related Posts

    When Will Inflation End & Ease our Financial Woes ?

    What do higher Interest Rates Mean for You ?

    Turkey Inflation Reaches a New 24-Year High of 83%

    Comments are closed.

    Latest Posts
    April 6, 2023

    Drop the R in HR to Build a People Centric Organization

    April 6, 2023

    The Dark Side of Corporate and the Job Satisfaction Epidemic

    April 5, 2023

    Why Omnichannel Strategy is the Need of the Hour

    March 22, 2023

    How to Add Copyright & Current Year in the Website Footer

    FIRE Stories
    FIRE Stories
    November 21, 20220 FIRE Stories

    The FIRE Story of a Traveller Who Settled in Mexico

    Updated:November 21, 20221 Min Read

    Learn How Roshida Retired at 39 after Traveling the World for about 6 months, and realising that she didn’t want to go back to work. With Financial Independence, she Retired Early & Settled in Mexico.

    November 21, 2022

    The FIRE Story of a Couple who Saw a Health Crisis

    November 17, 2022

    The Quit 9-5 FIRE Story of a Colorado Couple

    October 28, 2022

    The Ultimate FIRE Story of a Frugal Software Engineer

    October 14, 2022

    The Ultimate FIRE Story of an Internet Entrepreneur

    New Comments
      Copyright © 2023 ReMTech.
      • Home
      • Retail
      • Marketing
      • Technology
      • Education
      • Business

      Type above and press Enter to search. Press Esc to cancel.