Fertilizer crisis: many companies in Europe are cutting production

Gas prices are now ten times higher than a year ago. It is a big blow to European fertilizer producers, whose production has become unprofitable. Not only Polish but also many European companies are halting their production. Falling availability and higher prices of fertilizers, together with rising energy costs, mainly gas and electricity, and potentially smaller harvests will result in higher grain and food prices next year.

Large Polish companies Azoty Group and Anwil recently announced a…