Billions of meals at risk due to Iran war, says fertiliser boss
The CEO of Yara warns that fertiliser shortage due to Iran conflict could reduce crop yields and push food prices higher. The closure of Strait of Hormuz is expected to negatively impact agriculture in Europe and Asia.
The closure of Strait of Hormuz has disrupted fertiliser exports, causing serious issues in farming regions. Major fertiliser producers like Yara are announcing price increases due to rising production and transport costs. This could further elevate food inflation already at high levels.
European Union countries and Asian agricultural sectors are among the most affected regions. If this situation persists, global food production and prices could be significantly impacted. International food price indices are already at elevated levels.
Economists and food security experts warn that this will further increase food import costs for developing countries and threaten vulnerable populations. If shortages materialize, it could lead to humanitarian crises.
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