World Bank projects sharp rise in global fertiliser prices in 2026, warns of food inflation risks
World Bank projects a sharp rise in global fertiliser prices in 2026. The World Bank's April 2026 Commodity Markets Outlook highlights renewed volatility in global fertiliser markets.
The report states that prices are expected to rise by about 30.7% in 2026 before easing in 2027, when supply conditions are projected to improve. The World Bank attributes the expected price fluctuations largely to changes in global energy markets and geopolitical tensions, noting that natural gas remains a key input in fertiliser production. The anticipated increase is likely to raise production costs for farmers worldwide, with significant implications for global food systems. In Sub-Saharan Africa, higher prices could further constrain farmers' ability to apply adequate inputs, potentially reducing crop yields and tightening food supplies. For Ghana, the projected increase could add further pressure on food prices and household budgets.
The report anticipates some easing in 2027, but warns that the short-term price shock could worsen food inflation and deepen food security concerns, particularly in lower-income economies across the region.
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The World Bank projects a sharp rise in global fertiliser prices in 2026. This could intensify inflationary pressures across Sub-Saharan Africa - including Ghana.
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