Russia’s invasion of Ukraine threatens global food supplies, Norwegian fertiliser maker Yara International said on Tuesday, adding that the international community needed to reduce its dependence on Russian raw materials for agriculture. Ukraine and Russia are both major exporters of some of the world’s most basic foodstuffs, together accounting for about 29% of global wheat exports, 19% of world corn supplies and 80% of world sunflower oil exports. But Russia also exports crop nutrients as well as natural gas, which is critical for producing nitrogen-based fertilisers. Yara said that in total, 25% of the European supply of the key crop nutrients nitrogen, potash and phosphate come from Russia. “With the geopolitical conditions out of balance, the biggest sources of raw material to Europe’s food production are being subject to limitations, and there are no short-term alternatives,” Yara said in a statement. The Norwegian company, which is one of the […]