EU Commission to Issue Measures Addressing Fertilizer Costs
Europe is preparing an emergency response to a sharp rise in fertiliser costs, as the European Commission readies a package of measures aimed at easing pressure on farmers after disruption in the Strait of Hormuz choked supplies of key ingredients.
Among the steps under consideration is liquidity support for farmers, alongside more flexible advance payments under the Common Agriculture Policy (CAP), allowing them to cover bank loans and meet debts owed to fertiliser suppliers, according to a draft Fertiliser Action Plan seen…