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Thursday, 03/24/2022 5:58:39 AM

Thursday, March 24, 2022 5:58:39 AM

Post# of 1528
"Mega Emergency" Unfolds For World's Top Coffee Growers As Fertilizer Costs Spike

BY TYLER DURDEN - THURSDAY, MAR 24, 2022 - 05:45 AM

Coffee farmers worldwide are feeling the pressure of sanctions, as the Russian invasion of Ukraine sent fertilizer prices soaring, prompting concerns of declining harvests this year.

Bloomberg reports coffee farmers in Brazil, Nicaragua, Guatemala, and Costa Rica, some of the largest coffee-producing countries in the world, are having trouble affording high fertilizer costs. Some farmers are substituting organic waste as a low-cost solution to nitrogen, phosphorous, and potash fertilizers. The move, however, will result in significantly reduced harvests of the bean.


https://www.zerohedge.com/commodities/mega-emergency-unfolds-worlds-top-coffee-growers-fertilizer-costs-spike

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