Fertiliser And Grain Bosses Bank $66 Million Selling Shares During War
Senior executives, directors, and major investors from the world’s largest fertiliser and grain companies have sold shares worth more than $66 million (£49 million) during price hikes linked to the Iran war, DeSmog can reveal.
Since the outbreak of the conflict in February, provoked by a U.S.-Israeli bombing campaign in Iran, fertiliser prices have increased by almost 45 percent – leading wheat producers in Australia to pare back planting, and some UK farmers to warn they may not sow for the summer season, risking soaring global grain prices.