EU plans farmer aid as Iran war hikes fertiliser costs
The European Commission plans to increase emergency reserves in the Common Agricultural Policy to support farmers facing high costs due to the Strait of Hormuz disruption. Officials are also considering stockpiling supplies and easing restrictions on nutrient byproducts to ensure food security.
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The European Union will increase emergency funding for farmers to counter fertilizer costs driven by the U.S.-Israeli war with Iran. Prior to the conflict, up to a third of global fertilizer trade passed through the Strait of Hormuz. High input costs threaten European crop yields and food price stability during this year's planting season.
