Agricultural development company Syngenta has warned that global food security is facing serious threats on the back of soaring prices, fertilizer shortages, and a potential loss of production after the war in Ukraine.
According to a Bloomberg report, Syngenta claimed thatthe world was already facing a food crisis as prices of staples surged and hunger was on the rise.
The company said it isproviding seeds and crop protection products to farmers in Ukraine for food production.
“Our business activity in Ukraine is not for profit at the moment; it is about providing much needed agricultural inputs on credit with a high risk of default,” said the company spokesman.
“The goods we ship are not insured any longer against losses. We are taking these high risks consciously and believe it’s the right thing to do,” he added.
