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Since the beginning of this year, global fertilizer prices have soared due to an increase in global food cultivation areas and demand for fertilizers, coupled with a decrease in new supply. Furthermore, due to rising energy costs in regions such as Europe and various other factors, fertilizer prices have reached levels not seen since the global financial crisis, hitting a 12-year high. According to statistics, the price of monoammonium phosphate has risen by 68.78% since the beginning of the year ； The price of diammonium phosphate has risen by 39.38% since the beginning of the year. In North America, the index measuring fertilizer prices there soared to a record high. This not only further increases farmers’ planting costs but may also exacerbate the worsening global food inflation. Among them, the prices of various fertilizers in the United States have soared. As growers prepare to apply for purchases of fertilizer for the fall, the price of anhydrous ammonia in the U.S. corn-growing region has soared. In addition, the prices of other fertilizers have also risen sharply; the futures price of diammonium phosphate is 682.50 dollars per ton, up by 74.3% since the beginning of 2021, with an overall increase of 91.2% over the past 12 months. According to the U.S. Department of Agriculture, the cost of corn fertilizer in Illinois is currently around $165 per acre, compared to about $140 this spring, and around $85–$90 before 2020. The sharp rise in fertilizer prices will place a burden on farmers, and many speculate that higher prices for nitrogen fertilizers will lead farmers to reduce corn cultivation next spring and switch to growing soybeans instead. Canada, as the world’s largest exporter of canola seeds and a major wheat producer, saw fertilizer prices rise by the most since 2015 in the second quarter of this year. According to the agricultural input price index compiled by Statistics Canada, the total cost of agricultural inputs, including expenses for machinery, seeds, and feed, rose in the second quarter to at least the highest level since 2002. At the same time, the European energy crisis has led to a sharp rise in natural gas prices, severely affecting the fertilizer industry. This is mainly because natural gas is an important raw material for producing nitrogen fertilizers, which can be used for various crops such as corn and wheat. As natural gas prices rise, profits in the fertilizer industry are squeezed, leading to supply shortages; as a result, the prices of various nutrients such as phosphorus and potassium could increase significantly. In Europe, France is the largest food producer and exporter within the EU. The price of fertilizers has more than tripled over the past year, raising the cost of growing crops to between 300 and 350 euros per hectare, compared to around 150 euros per hectare before. The Crops Office under France’s Ministry of Agriculture stated that due to the sharp rise in fertilizer prices and tight market supply this year, the cost of growing crops in France has increased. As a result, some farmers will refrain from planting corn next spring and instead opt for crops that rely less on fertilizers, such as spring wheat or sunflower seeds. In Asia, Thailand currently faces a sharp rise in the prices of imported fertilizers, including urea, diammonium phosphate, and potassium. Currently, the urea available in the Thai market will only last until the end of October this year. Due to the high prices, market procurement has almost disappeared. Data on retail prices collected by Thailand’s Ministry of Agriculture and Cooperatives from fertilizer suppliers show that the prices of all types of formulated fertilizers are at their highest level in 12 years. It is expected that the use of fertilizers in Thailand will increase, especially for the five crops included in the **Income Security Program: rice, rubber, cassava, oil palm, and feed corn.