BBC Business01.05.2026Monde
Fertiliser Supply Disruption Could Cost Up to 10 Billion Meals Weekly, Warns Yara CEO
Conflict affecting Strait of Hormuz threatens global food production and could spark bidding war between rich and poor nations
L'essentiel
- The CEO of fertiliser giant Yara warns that disruptions to supplies caused by conflict in the Gulf could cost up to 10 billion meals per week globally.
- Svein Tore Holsether said 500,000 tons of nitrogen fertiliser is not being produced due to the situation blocking the Strait of Hormuz, with fertiliser prices up 80%.
- Without nitrogen fertiliser, crop yields could drop by up to 50%, potentially triggering a bidding war for food between richer and poorer nations.
Résumé généré par IA
Taille de police
The CEO of fertiliser giant Yara warns that disruptions to supplies caused by conflict in the Gulf could cost up to 10 billion meals per week globally. Svein Tore Holsether said 500,000 tons of nitrogen fertiliser is not being produced due to the situation blocking the Strait of Hormuz, with fertiliser prices up 80%. Without nitrogen fertiliser, crop yields could drop by up to 50%, potentially triggering a bidding war for food between richer and poorer nations.
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This article was originally published by BBC Business.
