"The Gulf region accounts for about 30% of global fertiliser exports, so as well as a significant increase in energy prices there's a hit to global food prices through fertiliser costs."

<p>"The Gulf region accounts for about 30% of global fertiliser exports, so as well as a significant increase in energy prices there's a hit to global food prices through fertiliser costs."</p>

With more than more than 25 years' experience reporting on consumer affairs, business and politics, Garth Bray brings you today's business news, direct from the Herald NOW studio. 

<p>With more than more than 25 years' experience reporting on consumer affairs, business and politics, Garth Bray brings you today's business news, direct from the Herald NOW studio.&nbsp;</p>