Massive Loss of Production, Price Increase, and Reasons Why Fertiliser Boss Says War Puts 10 Billion Meals a Week at Risk
INTRO : The reasons why Svein Tore Holsether, chief executive of Yara, one of the world’s biggest fertiliser producers says war puts 10 billion meals a week at risk were thoughtfully laid out. Speaking to the BBC, he warned that the war in Iran and blocked shipping through the Strait of Hormuz are disrupting fertiliser supplies and threatening global food production. Here are five key reasons why the fertiliser boss says war puts 10 billion meals a week at risk. 1. Massive Loss of Nitrogen Fertiliser Production : The first of the reasons why fertiliser boss says war puts 10 billion meals a week at risk is the sheer scale of lost output. “We’re up to half a million tons of nitrogen fertiliser not being produced in the world right now because of the situation we are in,” Holsether said. Hostilities in the Gulf have halted plants and blocked shipments through the Strait of Hormuz. Without nitrogen, crop yields can collapse quickly. 2. Direct Hit to Crop Yields and Meal Output : Holset...