/data/photo/2022/02/27/621ab3f4a4356.jpg "Russo-Ukrainian War Continues, Economist: Fertilizer Prices Can Rise")
JAKARTA, KOMPAS.com– Invasion Russia ke Ukraine can cause disruption of world commodity supply (global commodity shock), one of them fertilizer.
“Russia is one of the exporters of the raw material for fertilizer, potassium carbonate. If the war continues, it could be price fertilizers will go up,” said Indef Researcher Eisha Maghfiruha Rachbini in a public discussion “Impacts of the Russian-Ukrainian War: Global Economy and Politics” on Saturday, (26/2/2022).
As reported, Russia did invasion massively by air, land and sea since Thursday, February 24, 2022. In a relatively short time, Russia has reached the outskirts of Kiev, the capital of Ukraine.
Also read: Petrokimia Gresik Urges Farmers to Beware of Artificial Fertilizers
Eisha said the increase in fertilizer prices could burden the State Revenue and Expenditure Budget (APBN). Bearing in mind, the government also supports fertilizer prices by providing subsidies.
Furthermore, he explains that there are several impacts global commodity shock what happens when this war lasts more than two weeks. Disturbances will arise from the price and supply side.
For information, Russia is a producer of petroleum used by many countries in Europe.
“If it continues, this could become an energy problem around the world. Currently, gasoline prices in Europe have risen by about 30 percent,” he explained.
As is known, Russia’s invasion of Ukraine has helped hoist world oil prices through 100 US dollars per barrel.
Price Brent oil rose 2.85 percent to 100.07 US dollars per barrel. Meanwhile, the Light Sweet WTI type jumped 3.01 percent to 94.9 US dollars per barrel.
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