Dwindling fertilizer puts “world’s food supply” at risk, producer says
By Cosmin Dzsurdzsa
One of the largest fertilizer companies in the world is warning of an escalating global “food crisis” as farmers struggle to adapt to dwindling supplies of nitrogen fertilizer with the added expectations to reduce greenhouse gas emissions.
President of Yara International Svein Tore Holsether told stakeholders during a third quarter conference call that global food supplies can’t be maintained if the supply of nitrogen fertilizer continues to tighten.
“The world’s food supply cannot be maintained without nitrogen,” said Holsether.
“We are deeply concerned about the state of global agriculture… Yara’s markets have never been more challenging than what we have seen in the past 12 months with European production costs reaching an all-time high.”
Warnings by Holsether coincide with what many Canadian farmers are experiencing here at home.
As exclusively reported by True North, agriculture industry experts explained how farmers are struggling to cope with fertilizer scarcity while at the same time being asked by the Liberal government to cut emissions from fertilizer use by 30% – an endeavor which could impact exports.