"Svein Tore Holsether, the chief executive of Yara International, stated that world leaders need to guard against soaring prices and shortages of fertiliser causing a de facto global auction that would leave the poorest countries scrambling for supplies they could ill afford."
"Holsether emphasized that Africa is well positioned to be a major food producer, but the reality is that they are massive food importers, highlighting the potential consequences of a global auction on food."
"He noted that while he stopped short of predicting actual food shortages in parts of Africa, it is crucial to communicate the message about the danger of what potentially could happen before it is too late."
The Iran war poses significant risks of food shortages and price hikes in Africa's poorest communities, according to Yara International's CEO. He warned of a potential global auction for fertiliser, which could leave vulnerable nations unable to afford necessary supplies. While Africa has the potential to be a major food producer, it currently relies heavily on food imports. The CEO emphasized the urgency of raising awareness about these risks before they escalate, as supply chain challenges are already emerging due to the conflict.
Read at www.theguardian.com
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