Global food supplies could be badly hit if Iran war drags on, says fertiliser boss

The CEO of Yara International, a major fertilizer producer, warns that an extended Iran war could severely disrupt global food supplies. The conflict has already impacted fertilizer production and prices due to the Gulf region's importance as a source of urea and ammonia, key fertilizer components. Urea prices have already jumped significantly since the start of the conflict. Reduced fertilizer availability could lead to substantial crop yield reductions, particularly affecting vulnerable countries unable to compete with Europe in purchasing fertilizer. The fertilizer industry faces a double impact from disrupted supplies and soaring gas prices, which are essential for nitrogen-based fertilizer production. Rationing of gas in some Asian countries is further exacerbating the problem.

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