Rice for Millions Put at Risk as Fertilizer Prices Hammer Peru
- Association says growers are facing a surge in prices of urea
- Rice woes are part of inflation concerns behind social unrest
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The global fertilizer squeeze exacerbated by Russia’s invasion of Ukraine is imperiling rice production in Peru, where the seed is a staple for tens of millions of people.
Prices of the crop nutrient urea have surged almost fourfold amid supply scarcities, adding to cost inflation for growers, according to the Peruvian Association of Rice Producers.