The closure of the Strait of Hormuz has stalled the export of key crop nutrients to the economic bloc
The EU will turn to a long-term strategy involving cow dung to stave off a looming fertilizer shortage, rather than supporting farmers with immediate measures like suspending tariffs on Russian and Belarusian imports, Politico wrote on Monday.
The US-Israeli war on Iran disrupted shipping through the Strait of Hormuz, which handles an estimated one third of the global fertilizer trade, and a fifth of the world’s liquefied natural gas (LNG) – a commodity important in the production of nitrate fertilizers. The key waterway was blocked during planting season in the Northern Hemisphere, with analysts warning of a potential global shortage of crucial crop nutrients and a delayed world-wide food shock.
As the EU had already secured fertilizer supplies this crop season, any knock-on effect for the bloc’s farmers and consumers is likely to be delayed, Politico wrote.
The European Commission’s latest roadmap to parry the upcoming shortage is a long-term plan that has been around for years, with just a few emergency additions such as state aid for affected farmers, the designation of fertilizers as a crisis-relevant commodity and a promised boost for the EU farm budget, the outlet wrote.
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