The war in Ukraine will deliver a shock to the global supply and cost of food, the boss of one of the world’s biggest fertiliser companies has said.
Yara International, which operates in more than 60 countries, buys considerable amounts of essential raw materials from Russia.
Fertiliser prices were already high due to soaring wholesale gas prices.
According to the BBC, Yara’s boss, Svein Tore Holsether, has warned the situation could get even tougher.
Russia also produces enormous amounts of nutrients, like potash and phosphate – key ingredients in fertilisers, which enable plants and crops to grow.