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Fertilizer prices expected to stay high due to Ukraine – Russia war – Agric Minister.

The prices of government-subsidized fertilizers meant to support peasant farmers under the Planting for Food and Jobs [PFJ] Program have increased this year, much to the dissatisfaction of farmers in the country.

The minister for Agriculture, Hon. Owusu Afriyie Akoto, explained these were due to the economic impact of the Covid-19 pandemic and the ongoing war between Ukraine and Russia which has resulted in an increase in the prices of the fertilizers on the international market.

He said Russia is the biggest supplier of gas in which we extract the fertilizer and due to that the prices of fertilizer is not expected to go down anytime soon.

He added government is trying all it can to import more fertilizers into the country to avoid shortage of fertilizer in the country.

Also the smuggling of fertilizer is still ongoing and this is because the price of fertilizer in the country is lower than that of other neighbouring countries, but measures has been put in place to put a stop to the act of smuggling.

He said the highest amount of smuggling was in 2019, but due to measures which was put in place help reduced the act.

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