Thu Jul 28, 2022 – 8:36 pm EDT
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(LifeSiteNews) — Citing explosive price increases in natural gas, German chemical producer BASF has announced it will slash its ammonia production aggressively to compensate for rising costs.
“We are reducing production at facilities that require large volumes of natural gas, such as ammonia plants,” BASF CEO Martin Brudermüller said Wednesday, adding that while BASF will purchase some ammonia from other sources to make up for their lack of production, farmers can still expect a massive cost increase going into 2023.
With “Anhydrous ammonia” being “a highly effective fertilizer … [that] provides essential nitrogen for plants,” according to Fertilizer Canada, many not only fear that a slashing in fertilizer production could lead to an increase in the price of food but could also lead to a food shortage.
While governments and the mainstream media often cite the Russia-Ukraine conflict as the cause of the current global economic crisis, BASF began slashing ammonia production last September, long before the conflict
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