World news | The Guardian•Today at 04:00
Iran war may cause food shortages in Africa, world’s largest fertiliser firm says
The Iran war could have “dramatic consequences”, causing food shortages and price rises in some of Africa’s poorest and most vulnerable communities, the head of the world’s largest fertiliser company has said. Svein Tore Holsether, the chief executive of Yara International, said world leaders needed to guard against soaring prices and shortages of fertiliser causing a de facto global auction that would leave the poorest countries, particularly in Africa, scrambling for supplies they could ill afford. ” Only this week the EU announced it was loosening state subsidy rules for industries along with grant aid of up to €50,000 (£43,200) for individual farmers for the extra cost of fuel or fertiliser caused by the Iran war.
