The Guardian Australia – Business
·business
·2 hours ago
Yara CEO warns Iran conflict risks fertiliser shortages in Africa
Yara International's CEO warned Wednesday that an Iran conflict could trigger fertiliser shortages and soaring prices across Africa's poorest nations. Urea prices have risen 60-70% since late February, with Gulf states supplying 35% of global urea output. The supply crunch risks creating a "global auction" on food that wealthy nations can outbid poorer countries to obtain.
Summary by Glance · The Guardian Australia – Business
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