BBC Business30.04.2026Monde
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
L'essentiel
- 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.
Résumé généré par IA
Taille de police
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.
