Gas crisis now hits fertilizer, threatens food security (Business Standard News)
Business Standard News published an article stating that experts fear a food crisis if the situation continues or worsens and farmers do not get a timely fertilizer supply. A shortage of gas supply is also taking its toll on fertilizer production in India and threatening kharip crops there. India’s agriculture subsidy has surged and ensuring the availability of fertilizers at last year’s prices could be a big worry for the government, media reports said. IFPRI aired similar worries for countries including Bangladesh. Fertilizer price hikes and concerns about availability will cast a shadow on future harvests and food security for a longer period in low- and middle-income countries, it said in a blog post in April. In countries like Bangladesh, where a high fertilizer subsidy regime will relieve farmers of price shock, it will put tremendous fiscal pressure on the budget.