The European Commission's latest sweeping fertiliser plan attempts to shield Europe’s food prices from the fallout of the energy crisis, with leaders in Brussels warning that volatile fertiliser markets are feeding directly into higher grocery bills across the bloc.
At the heart of the plan is an attempt to break the chain reaction linking gas prices, fertiliser shortages and rising grocery bills, triggered by the Middle East conflict and the closure of the Strait of Hormuz, a key trade passage for 30 percent of the world’s fertilisers and 20 percent of its natural gas supplies.
