November 26, 2021
A global shortage of fertilisers is driving up food prices and leaving poorer countries facing crisis, says the boss of a major fertiliser firm.
Svein Tore Holsether, chief executive of Yara International, said higher gas prices were pushing up fertiliser costs and affecting food prices worldwide.
Fertiliser requires large amounts of gas in its production.
Mr Holsether said Yara had been forced to cut some production due to higher gas prices, which had led to shortages.