LONDON (Reuters) -EU tariffs on Russian fertiliser imports that aim to cut funding for Moscow’s war in Ukraine have so far hit European farmers, raising costs and risking higher consumer prices while Russian companies say they can divert exports to other markets. “We’re shooting ourselves in the foot,” farmer Cedric Benoist, deputy secretary general of French wheat farmers union AGPB and head of the cereals committee of EU farmer association Copa Cogeca, told Reuters, saying farmers are now faced with paying higher global prices. Global fertiliser prices have been rising this year, World Bank data shows, in part due to the additional levies introduced on July 1 on top of import tariffs, adding to other challenges facing European farmers such high energy costs and environmental regulations.Read More
European farmers facing higher costs after EU tariffs on Russian fertiliser imports
