Fertiliser Uncertainty Grows as Iran Conflict Drags On
5 Articles
5 Articles
On Monday, EU member states agreed on a series of measures giving countries the leeway to financially support farmers due to the high price of fertilizer. This is high partly due to the closure of the Strait of Hormuz.
The EU Council of Ministers for Rural Development today finally approved a Regulation introducing targeted support measures for European farmers, who are being hit by the sharp rise in the prices of fertilisers and other inputs due to the recent crisis in the Middle East. The de facto shutdown of the Strait of Hormuz, which triggered a cascade of increases in global oil, gas and fertiliser prices, was the reason. With fertilisers being one of th…
EU Council backs measures for farmers facing high fertiliser costs
The European Council has today (Monday, July 13) adopted targeted measures to support farmers facing high fertiliser costs. Farmers across Europe have been hit with a sharp increase in fertiliser and other input costs driven by the recent crisis in the Middle East. The new regulation will allow member states to provide urgent and targeted […] The post EU Council backs measures for farmers facing high fertiliser costs appeared first on Agriland.i…
The measures include a new liquidity mechanism within the framework of rural development to support crisis situations. In addition, it allows Member States to pay direct payments to farmers more in advance and gives them the possibility to adjust direct payment allocations for 2027 to national needs and priorities. Precisely today the rise in fertilizer prices was addressed in a Council of Agriculture Ministers attended by the Spanish holder, Lu…
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