BBC Business30.04.2026Welt
War in Iran Could Cost 10 Billion Meals a Week, Warns Fertilizer Giant CEO
Yara chief Svein Tore Holsether says Gulf conflict blocking Strait of Hormuz threatens global food production and will hit poorest nations hardest
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- The CEO of world fertilizer giant Yara has warned that the war in Iran could cost up to 10 billion meals a week as supplies of nitrogen fertilizer are disrupted.
- Svein Tore Holsether said half a million tons of fertilizer production has been lost due to the conflict blocking the Strait of Hormuz, with fertilizer prices soaring by 80%.
- He urged Europe to consider the impact on vulnerable populations in developing nations who could lose bidding wars for food to richer countries.
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The CEO of world fertilizer giant Yara has warned that the war in Iran could cost up to 10 billion meals a week as supplies of nitrogen fertilizer are disrupted. Svein Tore Holsether said half a million tons of fertilizer production has been lost due to the conflict blocking the Strait of Hormuz, with fertilizer prices soaring by 80%. He urged Europe to consider the impact on vulnerable populations in developing nations who could lose bidding wars for food to richer countries.
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This article was originally published by BBC Business.
