Billions of meals at risk due to Iran war, says fertiliser boss
A shortage of fertiliser due to the Iran conflict could reduce crop yields and push prices higher, says the boss of Yara.
Watch LiveBritish Broadcasting CorporationHomeNewsSportBusinessTechnologyHealthCultureArtsTravelEarthAudioVideoLiveDocumentariesHomeNewsUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessWorld of BusinessTechnology of BusinessNYSE Opening BellTechnologyWatch DocumentariesArtificial IntelligenceIntelligence RevolutionAI v the MindTech NowHealthWatch DocumentariesCultureWatch DocumentariesFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsWatch DocumentariesArts in MotionTravelWatch DocumentariesDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthWatch DocumentariesScienceNatural WondersClimate SolutionsSustainable BusinessGreen LivingAudioPodcast CategoriesRadioAudio FAQsVideoWatch DocumentariesBBC MaestroDiscover the WorldLiveLive NewsLive SportDocumentariesHomeNewsSportBusinessTechnologyHealthCultureArtsTravelEarthAudioVideoLiveDocumentariesWeatherNewslettersWatch LiveBillions of meals at risk due to Iran war, says fertiliser boss 2 days agoShareSaveAdd as preferred on GoogleSimon JackBusiness editorGetty ImagesThe interruption to supplies of fertiliser and its key ingredients due to the war in Iran could cost up to 10 billion meals a week globally and will hit poorest countries hardest, according to the boss of one of the world's biggest fertiliser producers.
Svein Tore Holsether, chief executive of Yara, told the BBC that hostilities in the Gulf, which have blocked shipping through the Strait of Hormuz, are jeopardising global food production.
Reduced crop yields as a result of lower fertiliser use could lead to a bidding war for food, he warned.
He urged European nations to consider carefully the impact of a price war on the "most vulnerable" in other countries.
Although the UK is very unlikely to face food shortages, the increased costs facing food producers are expected to start showing up on weekly food bills in the next few months.
https://www.bbc.com/news/articles/cpwp50v4ye7o?at_medium=RSS&at_campaign=rss
Rating: 5