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 fertilizer companies has said. GETTY IMAGES
Rev 6:6 NAS And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Ukraine war ‘catastrophic for global food’
- “Things are changing by the hour”
- “We were already in a difficult situation before the war… and now it’s additional disruption to the supply chains and we’re getting close to the most important part of this season for the Northern hemisphere, where a lot of fertilizer needs to move on and that will quite likely be impacted.”
- Russia also produces enormous amounts of nutrients, like potash and phosphate – key ingredients in fertilizers, which enable plants and crops to grow.
- “Half the world’s population gets food as a result of fertilizers… and if that’s removed from the field for some crops, [the yield] will drop by 50%,” Mr. Holsether said.
- “For me, it’s not whether we are moving into a global food crisis – it’s how large the crisis will be.”
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