Thank you.
I just have a clarification. I think it was the Food and Agriculture Organization of the United Nations that said that food prices were going to spike by 22%, but there are alarm bells ringing, and I guess I'll finish not with a question, but with a comment to Global Affairs officials, both online and here in the room.
I do not think the government is seized with this problem. I think it's pertinent in the discussions taking place about natural gas in Europe, whether it's at the International Energy Agency, the joint statement between the Prime Minister and the European Commission or the discussions that have taken place at NATO.
Canada is the fifth-largest natural gas producer in the world, and nitrogen fertilizer, which accounts for a half of the world's food production, comes from natural gas, from this process called the Haber-Bosch process. I know this because I come from an agricultural region.
Agricultural producers are ringing the alarm bells. I've had agricultural producers in my region and farmers coming to me in the last several weeks saying there is an emergency with nitrogen fertilizer. Crops are going into the ground in the next 10 weeks or so. If that nitrogen isn't applied, crop yields will drop. In fact, right now in Europe there is a 10% shortage in nitrogen fertilizer. Analysts estimate that's going to lead to a minimum drop in European crop production of at least 7% to 9% this year. You add to that the food inflation of the last 24 months; you add to that one of the world's major breadbaskets, Ukraine, at risk of not planting the crop this year, and we could be looking at a major food shortage in six months. Governments need to be seized with this issue right now.
I want to put this on the table, Mr. Chair, because I don't think we are seized with it. We as a country are privileged, not just because of our immense land mass, which produces lots of the grains and oilseeds this world consumes, but also because we have the natural gas to produce the urea that needs to be applied in the next 10 to 12 weeks to make sure we can feed the world.
This is a crisis we have not seen in decades. I think governments need to be seized with it right now, particularly in light of the discussions taking place at NATO, the International Energy Agency, and between Canada and the European Commission this week.
Thank you, Mr. Chair.