The Price of Diesel to Rise Astronomically

If only Canada had some sort of way to fix or alleviate this:

Farmers around the world are feeling the squeeze of the Iran war. Gas prices have shot up and fertilizer supplies are waning due to Tehran’s near shutdown of the Strait of Hormuz in retaliation for U.S. and Israeli bombing.

Iran is seriously limiting shipments through the Strait of Hormuz, a narrow passage that usually handles about a fifth of the world’s oil shipments and nearly a third of global fertilizer trade.

Canadian farmers are also bracing for higher costs and warning consumers could soon feel the impact at the checkout line.

In an interview with CTV News Channel, family farmer, advocate and 33SEVEN founder Derryn Shrosbree said rising input costs are already affecting producers, with diesel emerging as the most immediate concern.

“Farmers use a ton of diesel and obviously lots and lots of fertilizer as inputs,” Shrosbree said.

“So currently what we’re seeing is, you know, there’s a lot of inputs that have increased in price, so dry nitrogen, urea, and other phosphates and sulfur and other chemicals that we need for farming.”

While fertilizer costs tend to have a longer-term effect on food prices, Shrosbree said the spike in diesel prices could have a more immediate and significant impact.

“What’s going to absolutely spike the price of food is diesel,” he said. “So diesel has doubled this year.”

That increase affects the entire supply chain, from production to transportation, he added.