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    Home > Food News > Food Articles > Fertilizer price hike may threaten global rice supply

    Fertilizer price hike may threaten global rice supply

    • Last Update: 2022-05-17
    • Source: Internet
    • Author: User
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    According to Vietnam's "Agricultural News" report on April 20, 2022, whether it is India, Vietnam or the Philippines , the price of various fertilizers used for rice cultivation has risen by 2 to 3 times in the past year .
    In order to save planting costs, rice farmers have to be "cautious" in the use of chemical fertilizers, and the reduction in the amount of chemical fertilizers means a decrease in rice planting area and yield .
    Food experts believe that rice, an important food crop that feeds half of the world's population, is experiencing a planting crisis.
    If the price of fertilizers is not controlled, it may trigger a global food crisis .



     
    According to the forecast of the International Rice Research Institute (IRRI), the global rice production may drop by 10% in the next harvest season, which will lead to a shortage of 36 million tons of rice supply, equivalent to 500 million people will lose their food sources
    .
    Experts from the International Rice Research Institute said that this is a very conservative forecast, and if the conflict between Russia and Ukraine continues, the consequences may be more serious
    .
     
    Rice farmers are currently in a "particularly vulnerable" situation, the report said
    .
    The Russian-Ukrainian conflict boosted international market prices for wheat and maize, but rice prices remained relatively stable and even declined due to ample production
    .
    This means that rice farmers have increased their planting inputs without real profit growth
    .
    Philippine rice price grain
     
    According to the forecast of the International Rice Research Institute (IRRI), the global rice production may drop by 10% in the next harvest season, which will lead to a shortage of 36 million tons of rice supply, equivalent to 500 million people will lose their food sources
    .
    Experts from the International Rice Research Institute said that this is a very conservative forecast, and if the conflict between Russia and Ukraine continues, the consequences may be more serious
    .
     
    Rice farmers are currently in a "particularly vulnerable" situation, the report said
    .
    The Russian-Ukrainian conflict boosted international market prices for wheat and maize, but rice prices remained relatively stable and even declined due to ample production
    .
    This means that rice farmers have increased their planting inputs without real profit growth
    .
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