The war in Ukraine throws another huge wrench in the global food industry.
"Larger producers may be able to weather the storm of higher fertilizer prices, but smallholder and family-run farms who cannot afford higher costs can be hit hard by market volatility of these key products," Svein Tore Holsether, CEO and president of Yara International, a major producer of nitrogen fertilizer,If climbing prices do lead to the closures of some smaller production farms, food items will become that much harder to find across the world's grocery stores.
With other factors at play, food cost increases are already in motion. And, with the additional impacts from the war, the USDA now predicts a
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