Rice cultivation in Peru becomes unprofitable amid rising fertilizer prices
Global fertilizer shortages continue to worsen due to the conflict in Ukraine. This negatively affects a large number of countries, including Peru. According to the Peruvian Rice Producers Association, fertilizer prices in the country have quadrupled.
In Peru, the prospect of losses for rice farmers is exacerbated by the tense political situation. President Pedro Castillo has just survived an impeachment attempt during social unrest amid soaring fuel and food prices.