Yara CEO on Food Supply Disruptions, Gas Price Impact

The video discusses the challenges faced by the food industry, including price volatility, the impact of gas prices, and disruptions caused by the war in Ukraine. It highlights the need for a robust global food supply chain and explores the potential of green ammonia to reduce reliance on fossil fuels. The speaker emphasizes the importance of regional models and calls for support to the World Food Program.

What has been a major cause of volatility in the food system recently?

• Technological advancements in agriculture

• Increased demand for organic food

• Decrease in global population

• Rising energy prices and the war in Ukraine

How has the company managed to maintain production despite high gas prices?

• By switching to solar energy

• By using a flexible production system and global resources

• By increasing the prices of their products

• By reducing the workforce

What challenges are Ukrainian farmers facing according to the transcript?

• Overproduction of crops

• Increased competition from neighboring countries

• Lack of access to modern farming equipment

• Humanitarian crisis and difficulty in moving crops

What is a key message regarding the global food system?

• It should reduce the number of crops grown

• It should focus solely on increasing production

• It needs to be more regional to avoid disruptions

• It should rely more on a single country for supply

Why is there a push towards green ammonia in agriculture?

• To lower the cost of fertilizers

• To reduce greenhouse gas emissions and reliance on fossil fuels

• To improve the taste of crops

• To increase crop yield

What percentage of greenhouse gas emissions is attributed to the food system?

• 40-45%

• 50-55%

• 25-30%

• 10-15%

What has the company achieved since 2005 in terms of emissions?

• Eliminated emissions completely

• Maintained the same level of emissions

• Increased emissions by 50%

• Reduced emissions by 50%