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ALWAYS FRED > Business & Economy > World Bank predicts global fertilizer prices to soar in 2026, warns of risk of food inflation
World Bank predicts global fertilizer prices to soar in 2026, warns of risk of food inflation
Business & Economy

World Bank predicts global fertilizer prices to soar in 2026, warns of risk of food inflation

May 5, 2026 2 Min Read
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World fertilizer costs are anticipated to rise in 2026, elevating meals manufacturing prices and doubtlessly growing inflationary pressures throughout sub-Saharan Africa, together with Ghana.

This forecast is included within the World Financial institution’s April 2026 Commodity Market Outlook and highlights new volatility within the international fertilizer market.

In accordance with the report, costs are anticipated to rise by about 30.7% in 2026 and average in 2027 when provide situations are anticipated to enhance.

The World Financial institution attributes the anticipated value adjustments primarily to adjustments in international power markets and geopolitical tensions, noting that pure fuel stays a key enter in fertilizer manufacturing.

The projected improve is more likely to improve manufacturing prices for farmers around the globe, with vital implications for international meals methods.

Entry to inexpensive fertilizers stays a problem in sub-Saharan Africa, the place rising costs could additional constrain farmers’ means to use acceptable inputs, scale back crop yields and tighten meals provides.

For Ghana, which depends closely on imported fertilizers to help its agricultural sector, the anticipated value will increase might put additional strain on meals costs and family budgets.

Whereas some aid is anticipated in 2027, the report warns that short-term value shocks might exacerbate meals inflation and deepen meals safety issues, notably in low-income nations throughout the area.

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