“EU pledges support for farmers hit by fertiliser price surge The European Union has promised “exceptional support” for farmers affected by rising fertiliser costs linked to the US-Israeli war on Iran. Nearly half of the globally traded urea, the world’s most commonly used fertiliser, passes through the Strait of Hormuz from Gulf states, leaving agricultural markets vulnerable to disruption in the waterway. Recent interruptions to gas supplies and shipping routes have already forced fertiliser plants in the Gulf and elsewhere to reduce or halt production. The EU also said it would increase its agriculture crisis reserve fund by “a substantial amount”.
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