EU Farmers Face Crisis: CBAM Tariff & Fertilizer Shortage

Francie Gorman, head of Irelands farm organization, is urging the European Commission to act swiftly on the fertilizer crisis. Hes in Strasbourg, advocating for EU intervention to prevent food production issues. Gorman is frustrated with the Carbon Border Adjustment Mechanism (CBAM), a new tariff set to cost EU farmers nearly €900 million by 2026. He believes the Commissions upcoming Fertilizer Action Plan wont address the price or availability of fertilizer, and questions their commitment to solving the problem. Meanwhile, local MEP Ciarán Mullooly supports efforts to deal with rising fertilizer costs and supply problems, suggesting temporary exemptions from CBAM in special circumstances. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/aa4b05b07f644f90