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European farmers are reducing fertilizer purchases, and high prices are suppressing demand, which may put crop yields at risk. According to a market research by the price information agency ICIS, nitrogen fertilizer purchases are up to 20% lower than normal levels in the same period in previous years. According to some estimated data, demand for phosphate fertilizer, a key nutrient used to promote plant growth and root system development, fell by 30% or more. Before demand for chemical fertilizers weakened, droughts and extreme heat had already impacted the European harvest this year; the US-Iran conflict pushed up the costs of agricultural inputs such as fertilizer and diesel. Low soil humidity is already hampering the prospects for some wintering crops, and a drop in fertilizer application may further reduce next year's yield.
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European farmers are reducing fertilizer purchases, and high prices are suppressing demand, which may put crop yields at risk. According to a market research by the price information agency ICIS, nitrogen fertilizer purchases are up to 20% lower than normal levels in the same period in previous years. According to some estimated data, demand for phosphate fertilizer, a key nutrient used to promote plant growth and root system development, fell by 30% or more. Before demand for chemical fertilizers weakened, droughts and extreme heat had already impacted the European harvest this year; the US-Iran conflict pushed up the costs of agricultural inputs such as fertilizer and diesel. Low soil humidity is already hampering the prospects for some wintering crops, and a drop in fertilizer application may further reduce next year's yield.
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