Aside from high oil-gas prices, the Middle East war also leads to high prices of fertilizers like Urea and Di-ammonium nitrate, and raw materials for fertilizers like sulfur.
Urea from $465/ton last Feb. 27 (pre-war) to $672/ton today.
Sulfur from CN Yuan 3,877/ton last Feb. 27 to CN Yuan 5,183/ton today.
(source: Trading Economics)
High cost of transportation, farming and electricity, high cost of fertilizers and other farming inputs, high food inflation. Among the other things we have to endure as the war drags on.
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