Swedish farmers warn of higher
Photo: Chris Anderson/TT

Swedish farmers warn of higher food prices as natural gas and fertilizer costs rise

The sharp increase in natural gas prices in the wake of the Iran war is driving up fertilizer prices. This could push up food prices in Sweden, reports the economic channel EFN.

Advertisement

Many Swedish farmers buy fertilizer from Norway, where production is strongly linked to natural gas.

Energy prices are fundamental to the economy and, by extension, also to food prices, says Palle Borgström, chairman of the Swedish Farmers' Association.

The price of natural gas has risen from around 30 euros per megawatt-hour at the beginning of the week to around 50 euros. Fertilizer is crucial to supplying the world's growing population, Borgström continues.

Commercial fertilizer is also very important to milk production.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Business

All