Relevance: primary · Type: background
Confidence90%
Yara International is a Norwegian multinational with plants in 60 countries and sales in 140
Relevance: primary · Type: background
Confidence90%
Svein Tore Holsether is chief executive of Yara International
Relevance: supporting · Type: background
Confidence85%
35% of the world’s urea supply comes from Gulf states
Svein Tore Holsether, chief executive
Relevance: primary · Type: background
Confidence80%
The price of urea has increased by between 60% and 70% since the US and Israel launched their war on Iran at the end of February
Svein Tore Holsether, chief executive
Relevance: supporting · Type: background
Confidence80%
Fertiliser supplies of ammonia have been disrupted by the Iran war
Relevance: supporting · Type: background
Confidence90%
Qatar has suspended ammonia production entirely
Svein Tore Holsether, chief executive
Relevance: supporting · Type: quote
Confidence90%
“We are losing production every day. It will take weeks or months to restart.”
Relevance: supporting · Type: event
Confidence90%
The EU announced it was loosening state subsidy rules for industries and providing up to €50,000 (£43,200) in grant aid per farmer for additional fuel or fertiliser costs caused by the Iran war
Relevance: supporting · Type: background
Confidence80%
The sowing season for sub-Saharan Africa is starting soon, requiring fertilisers
Relevance: supporting · Type: background
Confidence80%
Soil conditions and farming practices in Europe allow farmers to reduce fertiliser consumption somewhat without significantly affecting yield
Relevance: supporting · Type: background
Confidence80%
Many farmers in other regions start with lower soil fertility and limited food reserves
Relevance: supporting · Type: background
Confidence85%
Global rice supplies are anticipated to decline this year due to Asian farmers reducing planting areas amid fertiliser shortages and escalating fuel costs linked to the Iran war
Relevance: supporting · Type: background
Confidence85%
The El Niño weather pattern is expected to further constrain global rice output
Relevance: supporting · Type: background
Confidence90%
The UN Food and Agriculture Organization projected a 2% expansion in rice output to a record high by 2025/26
Relevance: supporting · Type: background
Confidence90%
The conflict has disrupted the flow of fuel and fertilisers through the Strait of Hormuz
Relevance: supporting · Type: background
Confidence90%
In 2008, export curbs by key suppliers more than doubled rice prices to about $1,000 per metric ton, triggering unrest in several countries
Relevance: supporting · Type: background
Confidence90%
India's export restrictions between 2022 and 2023 contributed to supply tightness that lifted rice prices and prompted panic buying
trader
Relevance: supporting · Type: quote
Confidence85%
"Logistics have become a nightmare, especially in Asia as there is shortage of polypropylene bags, limited truck availability to move rice to ports and shipping itself has been disrupted,"
Maximo Torero, chief economist at the UN Food and Agriculture Organization
Relevance: supporting · Type: quote
Confidence90%
"Farmers have already started planting rice in some countries and are using fewer inputs because prices have gone up. We are going to see a tighter global supply situation in the second half of the year and early next year."
Sripai Kaew-Eam, farmer
Relevance: supporting · Type: quote
Confidence90%
Sripai Kaew-Eam said production costs have risen to about 6,000 baht per rai from around 4,500 to 5,000 baht for the previous crop due to high fertiliser and fuel prices
Sripai Kaew-Eam, farmer
Relevance: supporting · Type: quote
Confidence90%
She said the price she receives for unhusked rice is about 6,200 baht per metric ton
Sripai Kaew-Eam, farmer
Relevance: supporting · Type: quote
Confidence90%
Sripai Kaew-Eam said fertiliser prices have risen to 1,000 to 1,200 baht per bag, from 850 baht, forcing her to cut her use by half
Arze Glipo, executive director of the Integrated Rural Development Foundation
Relevance: supporting · Type: quote
Confidence90%
Arze Glipo said some farmers may not plant or will reduce fertiliser use, which would inevitably cut production
Arze Glipo, executive director of the Integrated Rural Development Foundation
Relevance: supporting · Type: quote
Confidence90%
Arze Glipo said the Philippines’ rice output could fall by as much as 6 million tons from its typical 19 million to 20 million
Relevance: supporting · Type: background
Confidence90%
Indonesia's statistics bureau estimates the rice harvest area from March to May will shrink by 10.6% to 3.85 million hectares and unhusked rice production will drop 11.12% to 20.68 million tons
Relevance: supporting · Type: background
Confidence90%
India holds a record 42 million tons of rice stock, about one-fifth of global stockpiles
Relevance: supporting · Type: background
Confidence90%
The Philippines is the world’s biggest rice importer
Relevance: supporting · Type: background
Confidence85%
The Iran war is affecting farmers in Thailand, Vietnam, the Philippines, and Indonesia due to disrupted fuel and fertiliser flows
Relevance: supporting · Type: background
Confidence85%
The El Niño weather phenomenon is set to bring hotter, drier conditions to Southeast Asia in the second half of the year
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