Iran Conflict Spurs Global Shift Towards Biofertilizers Amid Rising Costs
The ongoing conflict in Iran has led to a significant increase in fertilizer prices, prompting farmers worldwide to seek alternatives. The price of chemical fertilizers has surged by 50% due to disruptions in the supply of natural gas, a key component in fertilizer production. This has particularly affected countries like Senegal, where farmers are turning to organic compost and manure. In Brazil, the biofertilizer sector has grown by 15% as farmers look for cost-effective and sustainable solutions. The shift is driven by the need to reduce dependency on chemical fertilizers, which are less effective in tropical climates due to high rainfall and temperatures. The global push towards biofertilizers is also seen in India, where the government is promoting natural farming practices to cut fertilizer use by 50%.