© Simply 3 Capital
© Simply 3 Capital
Gas prices are on boil in Europe on back of Russians cutting down on its supply; Electricity prices have gone off the roof. The results, Europe has seen multiple fertiliser plants shut down.
Gas prices are on boil in Europe on back of Russians cutting down on its supply; Electricity prices have gone off the roof. The results, Europe has seen multiple fertiliser plants shut down.
Top that with the fact that two of the biggest fertiliser producer of the world- Russia and Ukraine are at war.
Europe’s’ dependence on Russia is huge and it is practically not possible to fit in an alternate supply of energy at a very short notice.
Further exaggeration of food inflation and energy inflation is what we can witness in the upcoming winter season.
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