European Union prepares plan for fertilizers and calls urgent meeting with industry.

The European Union is developing a plan to address challenges in the fertilizer market and has called an “urgent” meeting with industry representatives on April 13. This information was released today (March 30) by the European Commissioner for Agriculture, Christophe Hansen, after a meeting with EU agriculture ministers in Brussels. The initiative seeks to discuss measures to support local production and strategies to reduce the bloc's external dependence. After the meeting, Hansen stated that the European Commission will analyze the impact of a possible suspension of current mechanisms, but indicated that a more viable alternative would be to use the revenue collected from the carbon tax for… stabilize fertilizer prices for farmersThe instrument in question is the so-called carbon border adjustment mechanism, which came into effect on January 1st. The tax imposes costs on emissions associated with imported products, including fertilizers, steel, and cement.

This text was translated by machine from Brazilian Portuguese.