NASHVILLE, Tenn. (RFD News) — The European Union will temporarily suspend duties on key nitrogen-based fertilizers for one year as global supply concerns continue growing following the conflict involving Iran.
EU leaders say the move is intended to help ease pressure on farmers after disruptions tied to the Strait of Hormuz closure helped push fertilizer prices higher.
Officials also warn global planting conditions are already facing added strain, including reduced wheat planting in Australia and growing concerns surrounding rice supplies across parts of Asia.
The tariff suspension will not apply to fertilizer imports from Russia or Belarus.
Related Stories
Industry leaders gather in Mexico City to strengthen trade and showcase product quality.
USDA Chief Economist Justin Benavidez says the cattle industry may be nearing a turning point that could gradually reshape supply, prices, and profitability in the years ahead.
The behind-the-scenes role helps guide jump crews as they protect rural communities.
HTS Commodities broker Lewis Williamson joins us to break down the latest USDA Crop Progress Report and how weather and global supply chain issues could influence planting conditions moving forward.
Federal officials are signaling a more aggressive push on beef packer concentration, but any direct market impact will depend on what the investigation actually finds.
Pseudorabies case confirmed in Iowa herd prompts heightened biosecurity measures as U.S. swine producers work to prevent spread and protect herd health.
