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Fertiliser Supply Disruption Could Cost Up to 10 Billion Meals Weekly, Warns Yara CEO
Developing
World·5/1/2026AI summary

Fertiliser Supply Disruption Could Cost Up to 10 Billion Meals Weekly, Warns Yara CEO

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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BBC Business
Fertiliser shortages from Gulf war could cost 10 billion meals weekly - Yara CEO
Developing
World·5/1/2026AI summary

Fertiliser shortages from Gulf war could cost 10 billion meals weekly - Yara CEO

The CEO of Yara, one of the world's largest fertiliser producers, has warned that supply disruptions caused by the Gulf war could cost up to 10 billion meals per week globally. Svein Tore Holsether said 500,000 tons of nitrogen fertiliser are not being produced due to blocked shipping through the Strait of Hormuz, with reduced crop yields of up to 50% possible without nitrogen fertiliser. The conflict has already driven fertiliser prices up 80%, with the poorest countries set to suffer most in any bidding war for food.

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BBC News
War in Iran Could Cost 10 Billion Meals Weekly, Warns Fertiliser Chief
Urgent
World·5/1/2026AI summary

War in Iran Could Cost 10 Billion Meals Weekly, Warns Fertiliser Chief

The CEO of global fertiliser producer Yara has warned that the war in Iran could cost up to 10 billion meals per week globally due to disrupted fertiliser supplies. Svein Tore Holsether said 500,000 tons of nitrogen fertiliser are not being produced because of blocked shipping through the Strait of Hormuz. Fertiliser prices have soared by 80% since the conflict began, with reduced crop yields of up to 50% expected. The UK faces rising food costs, with inflation potentially reaching 10% by December.

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BBC Business
Fertiliser supply disruption from Gulf war could cost 10 billion meals a week, Yara CEO warns
Urgent
World·4/30/2026AI summary

Fertiliser supply disruption from Gulf war could cost 10 billion meals a week, Yara CEO warns

The CEO of world fertiliser producer Yara has warned that supply disruptions due to the Gulf conflict could cost up to 10 billion meals per week. Svein Tore Holsether said half a million tons of nitrogen fertiliser are not being produced due to the situation blocking the Strait of Hormuz. Fertiliser prices have soared by 80% since the US and Israel's war on Iran began, and reduced fertiliser use could cut crop yields by up to 50% in the first season, potentially triggering a bidding war for food between richer and poorer nations.

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BBC News
War in Iran Could Cost 10 Billion Meals a Week, Warns Fertilizer Giant CEO
Urgent
World·4/30/2026AI summary

War in Iran Could Cost 10 Billion Meals a Week, Warns Fertilizer Giant CEO

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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BBC Business